9AT: CUBIC ASSET MANAGEMENT, LLC

CUBIC ASSET MANAGEMENT, LLC

other names

CUBIC ASSET MANAGEMENT, LLC
NONE

Adviser Profile

Registration status

Terminated

As of Date	07/17/2024
ADV Location	BOSTON, MA, United States
Adviser Type - Large advisory firm
Number of Employees	6
of those in investment advisory functions	3

AUM^*	679,278,029 6%
of that, discretionary	679,278,029 6%
Private Fund GAV^*	0
Avg Account Size	2,227,141 10%
% High Net Worth	70.49% -5%
SMA’s	Yes
Private Funds	0 1
Contact Info	617 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- Other investment advisers
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Reported AUM

741M 635M 529M 423M 318M 212M 106M

2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

Form ADV Part 2A, Item 4 Cubic Asset Management is an independent firm offering separate account management to endowments, foundations, retirement plans and high net worth individuals since November 1, 2007. The analysts/portfolio managers have over s eventy years combined investment experience. We offer several products, all built around a disciplined, bottom-up value investment strategy. The firm is 100% owned by James L. Kaplan, who previously owned J.L. Kaplan Associates, LLC, another registered investment advisor founded in 1976 which was sold to the Evergreen Investments division of Wachovia Bank on November 1, 2002. Our only office is located in the Back Bay area of Boston. Cubic Asset Management offers discretionary portfolio management services to both institutional and high-net worth clients. Stock selection is based upon fundamental criteria typically associated with a “value” investment style. We do not utilize market timing, technical or quantitative analysis. We do not offer financial planning services. However, certain high-net worth clients do ask for assistance in establishing asset allocation guidelines. We do not charge a fee for such consultation. In general,

we tailor our advisory services to the individual needs of clients in one of two ways. The majority of portfolios we manage consist of only equities, restricted to specific capitalizations (such as small-cap, smid-cap, mid-cap or all-cap, for example). Additionally, some clients impose additional restrictions, such as the requirement that we not purchase so-called sin stocks (like alcohol and tobacco), defense companies, companies that utilize animal testing, or foreign securities, to name a few. A few clients request that we purchase only dividend paying stocks. In addition to tailoring portfolios by market-cap, some high net worth and retirement plan clients specify that their portfolios be balanced between stocks and bonds, using targeted percentages. The equity portions of such portfolios are selected using the same criteria we use for equity-only portfolios; the bond portions are laddered. Clients frequently mandate minimum Moody’s or Standard and Poor’s ratings. We participate in a single wrap fee program for Capital Management Associates. We manage $679,278,029 of client assets on a discretionary basis as of December 31, 2023. We do not manage any accounts on a non-discretionary basis.