services are limited to referring users to third party advisers registered or chartered as fiduciaries CUMBERLAND ADVISORS INC Top 13F Holdings Such an offer can only be made in the states where Cumberland Advisors is either registered or is a notice filer or where an exemption from such registration or filing is available. BofA Sheds Over 400 Advisors as AUM Grows | Wealth Management Yes or Each month, investor.com serves as a trusted resource to help thousands of Americans research and compare financial advisors. We are known for our total return approach, actively managing duration, and focusing on high credit quality. How do these benefits affect the firms selection of a broker-dealer partner? A Self-Regulatory Organization has previously found the firm or an advisory affiliate responsible for having an investment-related business have its authorization to do business denied, suspended, or revoked. 50.0% of the portfolio companies All investing involves risk, including loss of principal. Relative to the number of outstanding shares of SPDR Series Trust, Cumberland Advisors Inc owns more than approximately 0.1% of the company. PDF Total Return Taxable Fixed Inc Fiduciary Services Cumberland Advisors Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. Average Retirement Savings: How Do You Compare? In 1973, a fee-for-service investment firm was a fresh concept, and that put immediate pressure on the start-up company to perform. Occasionally, advisors earn commissions from selling financial products, such as securities or insurance Among the 7 most similar advisory firms, Cumberland Advisors has the highest percentage of high net worth individuals out of all clients. For Financial Advisors, from U.S.News: Get the Advisor's Guide to Working with Divorced Clients. Does your firm recommend securities that it or its affiliates underwrite, or in which it serves as general or managing partner? Cumberland Advisors is allowed to serve investors throughout 46 U.S. states and territories. What does this mean? When completed, an email will be sent to the email address you specify Firm offers mutual funds that carry 12b-1 fees, which increases the total annual cost of owning the fund (with no guarantee of higher returns). A senior Merrill Lynch executive said the bank expects single-digit growth in headcount as it focuses on its advisor training and development programs . 41,124 shares of Spdr S&p Midcap 400 worth $18.9 billion, Ishares worth $23.3 billion, with 495,274 shares owned, Ishares Tr and bought 99,210 shares worth $9.59 billion, Meta Platforms Inc total 10,700 shares worth $2.27 billion. In the past ten years, a regulatory agency other than the SEC or CFTC has previously entered an order against this firm or an advisory affiliate in connection with an investment-related activity. Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. This fee may be Financial planning services can include investment planning, tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance. Our matching tool simplifies the process of finding a financial advisor. In the most recent 13F filing, Cumberland Advisors Inc revealed that it had opened a new position in Firm recommends securities or other investment products to advisory clients in which the firm or a related person has some other proprietary (ownership) interest that isnt related to trading or holding the security or securities themselves personally. All material presented is compiled from sources believed to be reliable. Investment Philosophy. Questions to ask Luckily, there are signs that will help you figure out if you're sitting across from a trustworthy financial advisor. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Out of its 2,914 accounts, Cumberland Advisors's largest client by number of accounts is retail investors, but it also serves 1,210 high-net-worth individuals. The investor.com website utilizes verified data from reputable sources, which includes the Securities and Exchange Commission (SEC); however, it can vary from time to time. The firm doesnt compensate employees in addition to the salary for bringing in new clients. In 2010 the companys headquarters moved to Sarasota, Florida, where the firm has deepening community roots. Within months after opening their doors in Vineland, New Jersey, the Yom Kippur War began; an embargo was placed on oil; and oil prices spiked. Investment Advisor. municipal bond practice, Cumberland can purchase large bond lot sizes at aggressive prices and pass the advantage through to the individual accounts. The average advisor to client ratio is 1 advisor per 281 clients, but advisors may work with a higher or lower number of clients based on firm practices. Cumberland Advisors had (i) discretionary assets under management in the amount of This presentation does not purport to be a complete description of ourinvestment services. The matching tool does not include all available Cumberland Advisors currently serves clients in the following states: AL, AK, AZ, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI. Should I Hire a Financial Advisor or DIY It? $1,159,520. 11 Best Financial Advisors in Fort Myers, FL | ConsumerAffairs Cumberland Advisors founders, David R. Kotok and Sheldon Shep Goldberg, were acquaintances for years before they joined forces to start the firm in 1973. Is your firm affiliated with a law firm in any capacity? CUMBERLAND ADVISORS - Financial Advisor in Sarasota, Florida At the start of 2022, we had 40+ team members and with billions in assets under management (AUM), in addition to institutional relationships that we do not count in our AUM. All rights reserved. We offer an array of investment styles that enable appropriate diversification across domestic fixed-income and global equity markets. Checks take place monthly. EPISODE 3. Their last reported 13F filing for Q1 2023 included $243,750,578 in managed 13F securities Cumberland Advisors 800-257-7013 Fax 941-554-4352 EMAIL General Information info@cumber.com Media Requests media@cumber.com Career Opportunities careers@cumber.com MESSAGE US At Cumberland Advisors, we are always available to speak to existing and prospective clients. Track the AUM, funds, and holdings for Cumberland Advisors Inc over time. This includes fixed income accounts (municipal bond and taxable fixed-income securities) as well as equity accounts (using exchange-traded funds only). Cumberland Advisors, registered in 1998, serves 47 state (s) with a licensed staff of 19 advisors. The majority of the companies in the funds portfolio are large-cap stocks. Cumberland Advisors is interested infacilitatinglong-term relationships between its advisors and clients. The firm has an average-sized group, including 19 financial advisors. Cumberland Advisors Inc is an investment fund managing more than $201 billion ran by Timothy Lyle. On top of advisory services, the firm doesn't engage in other business activities. The best way to know if a financial advisor is a fiduciary all of the time is to ask: Are you a fiduciary in all of your dealings with me? Also be sure to review the conflicts of interest and disciplinary actions sections above to see what, if any, conflicts of interest and/or disciplinary actions this firm might have. Questions to ask Explain how they get paid in a way that's clear to you. For example, front-running is when a financial professional buys or sell securities ahead of their client. Firm performs side-by-side management with accounts that have differing fee structures. Was this page helpful? Click here to find your advisor matches today. CUMBERLAND ADVISORS is a Sarasota, Florida based financial advisory firm with nearly $4,083,396,277 in assets under management and provides investment advisory services for 3007 clients. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. The objective was to provide meaningful market insight and exceptional service to their clients. Cumberland Advisors is a fee-only firm, meaning that it only receives advisory fees directly from clients. ? In total, Cumberland Advisors manages $3.4 billion in assets. He initially worked for a large financial institution. In addition, the fund holds 41,124 shares of Spdr S&p Midcap 400 worth $18.9 billion. Each month, investor.com downloads the latest regulatory data from the SEC IAPD database. an Adviser or provide advice regarding specific investments. Cumberland Advisors Inc | AUM 13F Investor.com is your trustworthy guide to the world of personal finance. One Sarasota Tower, 2 N. Tamiami Trail, Suite 303, Sarasota, FL 34236. p: 800.257.7013 X 316 When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. Cumberland Advisors, registered in 1998, serves 47 state(s) with a licensed staff of 19 advisors. make certain recommendations to clients in order to make a commission. amount of assets you have under management. Firm offers products that have performance-based fees; the managers of those products may be incentivized to take inappropriate risks to beat their performance benchmark. Terms of Use | Disclaimers | Privacy Policy. Data obtained from U.S. Securities and Exchange Commission. Andrew Crawford | Financial Advisor - Cumberland Advisors | VA This could also limit the number and diversity of investment options available and may impact their transferability. This data is then run through our proprietary Trust Algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. 9. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. We started with two partners and one assistant. However, many RIA firms are also licensed as broker-dealers. As of 21st April 2023, Cumberland Advisors Incs top holding is 194,240 shares of SPDR Series Trust currently worth over $22.7 billion and making up 11.3% of the portfolio value. Sarasota, FL 34236. Questions to ask Answer a few questions andget matched with an advisor. What does this mean and why is it important? What does this mean and why is it important? 45% of the total holdings value. Alt Turnover is calculated by taking either the total MV of new purchases or PDF Item 1 Cover Page ADV Part 2 A CUMBERLAND ADVISORS financial professional and firm. advisors may be frivolous. (Under the terms of a traditional fee schedule, the latter two fee types are paid by the client separately.). c: 941.957.8642 You can go online to its website and submit a contact form or call at (800) 257-7013. the total portfolio value. Cumberland Advisors Review | SmartAsset.com policies, or making certain referrals or transactions. We separate brokers commissions from custody and from fees for services.