Based in Greenwich, Connecticut, Cardinal Capital Management is an investment advisory firm with more than $2 billion in assets under management (AUM). The firm’s advisors provide equity-driven portfolio management services to a diverse group of clients ranging from individuals and businesses to corporate retirement plans and pooled investment vehicles.
Cardinal Capital Management Background
Cardinal Capital Management has been doing business as a registered investment advisor (RIA) since 1995. It’s 100% owned by the following individuals:
- Managing partner Eugene Fox, III
- Managing partner Robert B. Kirkpatrick
- Partner Rachel D. Matthews
- Partner Robert Fields
- Retired managing partner Amy K. Minella
Kirkpatrick holds the professional designation of certified financial planner (CFP), which requires candidates to undergo rigorous training and education around personal finance topics.
What Types of Clients Does Cardinal Capital Management Accept?
Cardinal Capital Management provides investment advisory services to the following types of clients:
- High-net-worth individuals
- Private institutions
- Public and private pension plans
- Investment companies
- Foundations and endowments
- Mutual funds and collective investment trusts (CITs)
Cardinal Capital Management Minimum Account Size
Cardinal Capital Management usually requires a minimum investment of $500,000 to engage in its investment partnership services. To open a separately managed account, the firm generally requires a minimum account size of $5 million. However, the firm may reduce or waive these minimums at its discretion.
Services Offered by Cardinal Capital Management
Cardinal Capital Management focuses on providing equity-focused portfolio management services to its clients. It generally invests client assets in separately managed accounts built with one of the mutual funds that it advises or sub-advises. The firm can also invest client funds in the limited partnerships or CITs that it manages.
These investment strategies generally involve U.S.-listed equity securities across the small- to mid-capitalization categories.
Cardinal Capital Management Investment Philosophy
Cardinal Capital Management invests solely in U.S.-listed equities of companies that typically have market capitalizations below $7.5 billion. These companies generally fall under niche markets where the firm believes it has a structural advantage.
When examining these firms, Cardinal Capital Management engages in fundamental analysis. This procedure involves making projections of a company’s future financial strength by examining its current financial health in addition to other factors.
The firm’s brochure notes that the “investment team focuses on understanding each company’s five-year strategic plans, including acquiring in-depth knowledge of the company’s future cash flow generation and its redeployment of that cash flow.
Fees Under Cardinal Capital Management
Cardinal Capital Management’s fees vary, depending on the investment strategy your advisor uses to manage your portfolio. The firm charges these fees as a percentage of your account size. We provide Cardinal Capital Management’s current fee schedule below.
Small Cap Value Equity Accounts
|First $10 MM||1.00%|
|Next $15 MM||0.90%|
|Next $25 MM||0.85%|
|Balances of More Than $50 MM||0.75%|
Limited Partnership: $500,000 Minimum
|Funds under $5 MM||1.25% applied to entire account|
|Funds from $5 MM||$10 MM: 1.00% applied to entire account|
|Funds over $10 MM||0.85% applied to entire account|
SMID Cap Value Equity
|First $10 MM||1.00%|
|Next $15 MM||0.85%|
|Next $25 MM||0.70%|
These fees are usually payable either quarterly or monthly in arrears based on the net asset value of the account, as of the last day of the preceding quarter. Still, the firm’s investment management fees and payment schedules may be negotiable.
But keep in mind that the fee schedule applies to the firm’s current investment management fees. Your account may incur additional expenses such as custodial charges, brokerage fees and commissions costs.
For more information, refer to the fund prospectus of underlying funds in your portfolio. You should also refer to the investment advisory agreement document and other material you sign with Cardinal Capital Management.
Finally, the firm offers one account that charges a performance-based fee in addition to the asset-based investment management fee. The performance-based part can range from 0.25% to 0.40% of the capital appreciation of assets under management.
What to Watch Out For
Cardinal Capital Management does not work with small investors. It also doesn’t provide financial planning or wealth management. For these services, use SmartAsset’s financial advisor matching tool to find a more suitable pro who is in your area.
At the time of this writing, Cardinal Capital Management has not reported any disciplinary events within the past 10 years that are material to a client or prospective client’s reasonable evaluation of the firm’s business.
Opening an Account With Cardinal Capital Management
You can open an account with Cardinal Capital Management by visiting the firm’s official website at http://www.cardcap.com/ or by calling the firm at 203-863-8990.
Where Is Cardinal Capital Management Located?
Potential clients can find Cardinal Capital Management at Four Greenwich Office Park, Greenwich, Connecticut 06831.
All information was accurate as of the writing of this article.
Tips for Finding the Right Financial Advisors
- Don’t have $5 million to invest? There are plenty of qualified advisors who can help you. Our SmartAsset advisor matching tool links you with up to three in your area, based on your current situation and goals. It also provides you with access to their profiles, so you can evaluate their credentials and other factors before you make a decision.
- Know that not all financial advisors are held to the same standards. With that said, you should know what’s expected and required CFPs and other types of fiduciary advisors.