Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management of Pooled Investment Vehicles
Types of Clients
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pooled Investment Vehicles
- Pension & Profit Sharing Plans
- Other
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Performance-based Fees
Cannell Capital LLC Overview
CANNELL CAPITAL LLC is a registered investment advisory firm that has been in business since 2011. The firm is headquartered in Alta, WY, and operates on a fee-based fee arrangement. As a commodity pool operator/advisor, CANNELL CAPITAL LLC provides investment advice to individuals and small businesses and offers portfolio management services for both. The firm specializes in portfolio management for pooled investment vehicles, providing its clients with a diverse range of investment options to meet their investment goals. Its team of experienced advisors works closely with each client to ensure their portfolios are tailored to their unique needs, risk tolerances, and investment horizons. The investment advisory firm brings years of experience and expertise to the table, helping clients navigate the often-complex world of investing. By leveraging its deep understanding of the market and its investment strategies, CANNELL CAPITAL LLC works hard to provide its clients with consistent and reliable investment returns. The firm's approach to portfolio management is grounded in rigorous research, disciplined analysis, and proactive risk management, providing clients with the peace of mind they need to pursue their financial goals with confidence.
Cannell Capital LLC caters to a diverse range of clients with varying financial needs and objectives. The firm primarily serves high net worth individuals who require personalized and comprehensive investment services to manage their assets effectively. In addition, Cannell Capital LLC also offers its services to pooled investment vehicles and pension or profit sharing plans that require strategic investment planning and management. The firm also serves other types of clients, including foundations, endowments, and corporations, who require expert financial advice and investment solutions. Cannell Capital LLC offers flexible fee structures that are tailored to suit the specific needs and preferences of their clients. Depending on the service provided, the firm charges a percentage of assets under management (AUM). This fee structure is best suited for clients who prefer a consistent fee structure regardless of the performance of their assets. Clients who are willing to take on more risk and are looking for higher returns may choose to pay performance-based fees. These fees are charged based on the investment performance of the client's assets and can be a percentage of asset gains or a share of profits generated by the investment portfolio. Cannell Capital LLC also offers other fee structures such as hourly rates, flat fees, and retainers, ensuring that clients have a wide range of options to choose from according to their specific needs and budgets.
Typical Clients, Fee Structures & Investment Minimum
According to the Part 2 Brochure of Cannell Capital LLC, there is no mention of an investment minimum. Therefore, it can be assumed that the firm does not have an investment minimum requirement for its clients.
How This Office Can Help Teton County, WY Residents
Cannell Capital LLC is a financial management firm that assists clients in Teton County, WY in achieving their financial goals. The firm offers a wide range of services, including investment management, wealth planning, retirement planning, estate planning, and tax planning. Specifically, Cannell Capital LLC helps clients in Teton County who are facing financial challenges such as managing their wealth in a tax-efficient manner, building a diversified investment portfolio, and creating a comprehensive and effective retirement plan. Additionally, the firm also assists clients in navigating complex estate planning issues, ensuring that their assets are properly managed and distributed after their passing. With years of financial management expertise, Cannell Capital LLC is committed to helping its clients in Teton County achieve financial success and security.
Services Offered by Cannell Capital LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Cannell Capital LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8 AM–5 PM
- Tue 8 AM–5 PM
- Wed 8 AM–5 PM
- Thu 8 AM–5 PM
- Fri 8 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Cannell Capital LLC is registered to service clients in the following states:
- California
- Colorado
- Florida
- New Jersey
- New York
- Pennsylvania
- Tennessee
- Texas
Disciplinary History
Cannell Capital LLC does not have any disclosures. Please visit it's Form ADV for more details.