Cloud, Neff Management, LLC is a large advisory firm based in Tulsa. It manages $500 million of regulatory assets for 210 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Oklahoma and Texas.
Cloud, Neff Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
Cloud, Neff Management: assets under management
The assets under management (AUM) of Cloud, Neff Management, LLC is $500 million. The firm's AUM has grown by 706% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $300 million in discretionary accounts and $200 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $20 million.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Cloud, Neff Management, 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.
