Cig Asset Management, Inc. is a large advisory firm based in Southfield. It manages $153.52 million of regulatory assets for 785 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Illinois, Michigan, Ohio, and Texas.
Cig Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cig Asset Management, Inc. is $153.52 million. The firm's AUM has grown by 110% 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 Cig Asset Management, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Osman Radwan Minkara is high net worth individuals with 59 clients and $116.68 million of assets under management. Among the 11 most similar advisory firms, Cig Asset Management has the 5th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $153.52 million for 240 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.
Cig Asset Management also advises several private funds. Namely, two other private funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $250,000.
The company employs 14 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 9 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Osman Radwan Minkara has been acting as President since 1 Oct 1997. Kenneth Gerard Chaput joined the executive team most recently as the Chief Compliance Officer.
The principal office where Cig Asset Management, Inc. performs its advisory services is located at 1000 Town Center, Southfield, MI 48075, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 248-827-1010 or by fax 248-827-7167. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at cigcapitaladvisors.com.