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Cardinal Capital Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Based in Greenwich, Connecticut, Cardinal Capital Management is an investment advisory firm with a small team of advisors on staff. 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
  • Partner Ross Weissman
  • Retired managing partner Amy K. Minella

Cardinal Capital Management Client Types and Minimum Account Sizes

Cardinal Capital Management provides investment advisory services to the following types of clients: 

  • High-net-worth individuals
  • Private institutions
  • Corporations
  • Public and private pension plans
  • Investment companies
  • Foundations and endowments
  • Mutual funds and collective investment trusts (CITs)

Cardinal Capital Management requires different minimum investments to engage in its investment partnership services. To open a separately managed account, the firm generally requires a minimum account size of $5 million. Limited partnerships incur a $500,000 minimum. 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 Fee Schedule
AUM Fee
First $10,000,000 1.00% 
Next $15,000,000 0.90% 
Next $25,000,000 0.85% 
Balances of More Than $50,000,000 0.75%

 

Limited Partnerships Fee Schedule
AUM Fee
Funds under $5,000,000 1.25% applied to the entire account 
Funds from $5,000,000 $10 MM: 1.00% applied to the entire account 
Funds over $10,000,000 0.85% applied to the entire account

 

SMID-Cap Value Equity Fee Schedule
AUM Fee
First $10,000,000 1.00% 
Next $15,000,000 0.85% 
Next $25,000,000 0.80%
Balances over $50,000,000 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.

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 has not reported any disclosures on its Form ADV.

Opening an Account With Cardinal Capital Management

You can open an account with Cardinal Capital Management by visiting the firm’s official website or by calling the firm. You can also visit in person at the firm's Greenwich offices. 

All information was accurate as of the writing of this article.

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How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.