Cresap, Inc. is a large advisory firm based in Radnor. It manages $218.93 million of regulatory assets for 491 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Pennsylvania.
Cresap provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Cresap: assets under management
The assets under management (AUM) of Cresap, Inc. is $218.93 million. The firm's AUM has grown by 82% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $12.59 million in discretionary accounts and $206.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $503.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $442.77 thousand.
Investments
The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.
