Cri Securities, LLC is a large advisory firm based in St.Paul. It manages $1.13 billion of regulatory assets for 4,152 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, Colorado, and 17 other states.
Cri Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cri Securities, LLC is $1.13 billion. The firm's AUM has grown by 198% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Cri Securities, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Scott Howard Richards is individuals with 4,328 clients and $604.37 million of assets under management. Among the 8 most similar advisory firms, Cri Securities has the 3rd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.13 billion for 5,206 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Cri Securities doesn't advise any private funds.
The company employs 265 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 190 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Scott Howard Richards has been acting as President since 1 Sep 2000. Kimberly Kay Carpenter joined the executive team most recently as the Senior Vice President & Chief Compliance Officer & Anti Money Laundering Compliance Officer.
The principal office where Cri Securities, LLC performs its advisory services is located at 400 Robert Street North, St.Paul, MN 55101, which is also the mailing address of the firm. An additional office of the firm is in St Paul, MN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 651-665-5609 or by fax 651-665-7367. The normal business hours are 8:00 a.m. to 4:45 p.m. on Monday - Friday. You can find more information about the New York firm at crisecurities.com.