Carderock Capital Management, Inc. (Chevy Chase)

Name: Carderock Capital Management, Inc.
Address: 2 Wisconsin Circle, Suite 600, Chevy Chase, MD, 20815 7020
Telephone: (301)951-5288

Carderock Capital Management, Inc. is a large advisory firm based in Chevy Chase. It manages $406.21 million of regulatory assets for 415 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, District of Columbia, Florida, and 3 other states.

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

Carderock Capital Management: assets under management

The assets under management (AUM) of Carderock Capital Management, Inc. is $406.21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 122% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $406.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $978.81 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is state and local bonds, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carderock Capital Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 James Williams Mersereau serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of James Williams Mersereau is high net worth individuals with 112 clients and $335.17 million of assets under management. Among the 10 most similar advisory firms, Carderock Capital Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $401.91 million for 204 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.

Carderock Capital Management doesn't advise any private funds.

Careers at Carderock Capital Management, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

James Williams Mersereau has been acting as President since 1 Dec 1986. Gail Yano joined the executive team most recently as the Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Williams Mersereau	President	1 Dec 1986	75% - 100%	1951730
James Gill Mersereau	Chairman	1 Dec 1986	Other	1367982
Gail Yano	Compliance officer	1 Jul 1998	Other	3199909
Daniel Alan Kane	Portfolio manager	1 Nov 2002	Other	4470700
Daniel Alan Kane	Secretary	1 Nov 2003	Other	4470700
Daniel Alan Kane	Secretary	1 Dec 2003	Other	4470700
Daniel Alan Kane	Secretary	1 Jul 2004	Other	4470700
Daniel Alan Kane	Vice president & secretary	1 Nov 2006	50% - 75%	4470700
James Williams Mersereau	President & chief compliance officer	1 Jan 2007	75% - 100%	1951730
Gail Yano	Compliance officer	1 Jan 2007	Other	3199909
James Williams Mersereau	President & chief compliance officer	1 Dec 2008	50% - 75%	1951730

Based in Chevy Chase

The principal office where Carderock Capital Management, Inc. performs its advisory services is located at 2 Wisconsin Circle, Suite 600, Chevy Chase, MD 20815 7020, 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 (301)951-5288 or by fax (301)951-0411. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at carderockcapital.com.