Cloud Capital LLC (Jay)


Cloud Capital LLC is a large advisory firm based in Jay. It manages $202.27 million of regulatory assets for 70 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Oklahoma.

Cloud Capital provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cloud Capital: assets under management

The assets under management (AUM) of Cloud Capital LLC is $202.27 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $202.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.89 million each.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cloud Capital LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.

What kind of clients Daniel Staker Peterson serves?

The only and largest group of clients of Daniel Staker Peterson is individuals with 69 clients and $8.17 million of assets under management. Among the 8 most similar advisory firms, Cloud Capital has the 3rd lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $8.17 million for 69 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.

Cloud Capital doesn't advise any private funds.

Careers at Cloud Capital LLC

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.

Daniel Staker Peterson has been acting as President since 1 Apr 2009. James Keith Dobson joined the executive team most recently as the Cfo.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richard Randall Cloud Chief compliance officer, managing member, director 1 Dec 2008 50% - 75% 2002339
Owen L Pugh Officer and director 1 Dec 2008 Other 4514862
Owen Lloyd Pugh Officer and director 1 Dec 2008 Other 4514862
Peterson Ventures Iii Llc Member 1 Apr 2009 25% - 50% 26-2354782
Daniel Staker Peterson Director 1 Apr 2009 Other 5670829
Brandon Kronrad Cope Director 1 Apr 2009 Other 5670904
James Keith Dobson Cfo 1 Jan 2013 Other 6178926

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Joel Clinton Peterson Managing member of peterson ventures iii 1 Apr 2009 25% - 50% 5526837
Valarie Ann Ballein Director of control entity 1 Apr 2009 Other 5670912

Based in Jay

The principal office where Cloud Capital LLC performs its advisory services is located at 54731 East 340 Road, Jay, OK 74346 The mailing address of the firm is Po Box 451179, Grove, OK 74345 1179. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 9183141220. The normal business hours are 9-4 on Other. You can find more information about the New York firm at cloud-capital.com.