Cedarstone Advisors (Westlake Village)

Name: Cedarstone Advisors
Address: 2945 Townsgate Road, Westlake Village, CA, 91361
Telephone: (888) 571-5582

Cedarstone Advisors is a large advisory firm based in Westlake Village. It manages $124.84 million of regulatory assets for 167 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California and Colorado.

Cedarstone Advisors provides financial planning services, portfolio management for individuals and small businesses, and consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cedarstone Advisors: assets under management

The assets under management (AUM) of Cedarstone Advisors is $124.84 million. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $124.33 million in discretionary accounts and $516.64 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $748.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $516.64 thousand.

Cedarstone Advisors has custody of $57.34 million in cash and securities for 93 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is government bonds, which make up 27% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cedarstone Advisors for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steve Harlan Coker serves?

The only and largest group of clients of Steve Harlan Coker is individuals with 167 clients and $102.11 million of assets under management. Among the 8 most similar advisory firms, Cedarstone Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $102.11 million for 167 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.

Cedarstone Advisors doesn't advise any private funds.

Careers at Cedarstone Advisors

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Steve Harlan Coker has been acting as President since 1 Aug 2014. Matthew Glenn Davis joined the executive team most recently as the Vice President And Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steve Harlan Coker	President/chief compliance officer	1 Aug 2014	75% - 100%	5326715
Matthew Glenn Davis	Vice president and treasurer	1 Oct 2014	25% - 50%	5853796

Based in Westlake Village

The principal office where Cedarstone Advisors performs its advisory services is located at 2945 Townsgate Road, Westlake Village, CA 91361, 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 (888) 571-5582. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at cedarstoneadvisors.com.