Cantor Fitzgerald Investment Advisors, L.P. (New York)


Cantor Fitzgerald Investment Advisors, L.P. is a large advisory firm based in New York. It manages $3.04 billion of regulatory assets for 1,443 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Cantor Fitzgerald Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as a separate business of cfia focusing on composite.

Cantor Fitzgerald Investment Advisors: assets under management

The assets under management (AUM) of Cantor Fitzgerald Investment Advisors, L.P. is $3.04 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 951% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.04 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.11 million each.
Cantor Fitzgerald Investment Advisors has custody of $379.26 million in cash and securities for 760 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cantor Fitzgerald Investment Advisors, L.P. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cantor Fitzgerald Investment Advisors serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Cantor Fitzgerald Investment Advisors is other investment advisers with 655 clients and $215.71 million of assets under management. Among the 6 most similar advisory firms, Cantor Fitzgerald Investment Advisors has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $647.34 million for 1,442 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cantor Fitzgerald Investment Advisors also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.

Careers at Cantor Fitzgerald Investment Advisors, L.P.

The company employs 20 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. 12 employees are registered as investment adviser representatives with the state securities authorities.

There are 75 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Walter Desmond Karle joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Cantor Fitzgerald Investment Adviseos Holdings General partner 1 Feb 2010 75% - 100% 13-3680189
Shawn Peter Matthews Chief executive officer 1 Feb 2010 Other 2016970
Stephen M Merkel Chief legal officer 1 Feb 2010 Other 2366318
Douglas Rankin Barnard Chief financial officer 1 Feb 2010 Other 2798079
Thomas Joseph Anzalone Chief operations officer 1 Feb 2010 Other 1161513
James Michael Bond Chief operating officer 1 Feb 2010 Other 4714631
Llc Cantor Fitzgerald Investment Advisors Holdings General partner 1 Feb 2010 75% - 100% 13-3680189
Stephen Marcus Merkel General counsel and secretary 1 Feb 2010 Other 2366318
Gary Neil Distell Chief compliance officer 1 Feb 2010 Other 1540489
Llc Cantor Fitzgerald Investement Advisors Holdings General partner 1 Feb 2010 Other 13-3680189
Marlena Ann Kaplan Chief financial officer, fund advisory servivces 1 Mar 2012 Other 4143706
Harris Jason Bogner Chief compliance officer 1 Mar 2015 Other 2758877
Steven Bisgay Chief financial officer 1 Apr 2015 Other 4424156
David Goldfarb Global head of asset and wealth management 1 Sep 2015 Other 2804447
Herbert William Morgan Sr managing director 1 Feb 2017 Other 1770152
Stephen Michael Hart Chief compliance officer 1 Mar 2017 Other 5021146
Michael Gerard Millard Global head of asset management 1 Nov 2017 Other 722703
William Michael Shields Chief compliance officer 1 Jul 2018 Other 2380166
Walter Desmond Karle Chief compliance officer 1 Aug 2018 Other 5782922

Indirect Owners

The SEC currently registers 9 indirect owners.

Name Entity Date acquired Ownership Employer ID
Howard William Lutnick Shareholder 1 Sep 1992 75% - 100% 1157026
Inc. Cf Group Management Managing g.p. 1 Sep 1992 25% - 50% 13-3679422
L.P. Cantor Fitzgerald Member 1 Jun 2005 75% - 100% 13-3680189
Howard William Lutnick Sole trustee 1 May 2009 75% - 100% 1157026
Howard William Lutnick Sole trustee 1 Jan 2010 25% - 50% 1157026
Inc. Cf Group Management Managing general partner 1 Jan 2010 75% - 100% 13-3679422
L.P. Cantor Fitzgerald Partner 1 Feb 2010 75% - 100% 13-3680189
Howard W. Lutnick Personal Asset Trust Limited partner 1 Nov 2011 25% - 50% xxx-xx-xxxx
Howard W. Lutnick Revocable Trust Shareholder 1 Nov 2011 75% - 100% xxx-xx-xxxx

Based in New York

The principal office where Cantor Fitzgerald Investment Advisors, L.P. performs its advisory services is located at 110 East 59 Th Street, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in La Jolla, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (212) 915-1722 or by fax (212) 829-4772. The normal business hours are 9:00-5:00 on Monday - Friday.