Kades & Cheifetz, LLC (Radnor)

Name: Kades & Cheifetz, LLC
Address: Two Radnor Corporate Center, Radnor, PA, 19087
Telephone: 610-834-1487

Kades & Cheifetz, LLC is a large advisory firm based in Radnor. It manages $288.42 million of regulatory assets for 880 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Louisiana, and 5 other states.

Kades & Cheifetz provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kades & Cheifetz: assets under management

The assets under management (AUM) of Kades & Cheifetz, LLC is $288.42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $288.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $327.76 thousand each.

Kades & Cheifetz has custody of $5.64 million in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is government bonds, which make up 2% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kades & Cheifetz, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kades & Cheifetz serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kades & Cheifetz is high net worth individuals with 94 clients and $218.83 million of assets under management. Among the 9 most similar advisory firms, Kades & Cheifetz has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $288.42 million for 247 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.

Kades & Cheifetz doesn't advise any private funds.

Careers at Kades & Cheifetz, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Howard Andrew Kades	Member	1 Aug 2016	Other	2321734
Stephen Neil Cheifetz	Member and chief compliance officer	1 Aug 2016	Other	4604046
Kades Financial Inc	Owner	1 Aug 2016	75% - 100%	111131

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Howard Andrew Kades	President	1 Jan 2013	75% - 100%	2321734

Based in Radnor

The principal office where Kades & Cheifetz, LLC performs its advisory services is located at Two Radnor Corporate Center, Radnor, PA 19087, 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 610-834-1487 or by fax 610-688-9111. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at kadesfinancial.com.