Firm Description
CIM, LLC provides investment supervisory services to a variety of clients with varying financial
advisory needs. Types of clients include but are not limited to individuals, families, qualified
investors, pension and profit-sharing plans, trusts, estates, charitable organizations, business
entities and corporations. Founder Thomas J. Curran started the firm as a wholly owned
enterprise in the fall of 2004. Prior to that, he ran the firm from the summer of 2000 until the fall
of 2004 as part of Wachovia Securities and before then as part of First Albany Corporation
from the summer of 1998.
Principal Owners
Founder, Co-Chief Executive Officer and Portfolio Manager Thomas J. Curran owns 100% of
the firm.
Types of Advisory Services
PORTFOLIO MANAGEMENT:
CIM, LLC provides investment supervisory services through its Portfolio Management service
("Portfolio Management"). CIM, LLC will manage Portfolio Management client accounts on
either a discretionary or non-discretionary basis, depending on each client's particular needs
and circumstances, consistent with the methods described in the Methods of Analysis,
Investment Strategies and Risks of Loss section below. Account supervision is guided by the
stated objectives of the client (i.e. maximum capital appreciation, growth, income, or growth and
income). CIM, LLC will create a portfolio consisting of one or more of the following: individual
equities, bonds, warrants, commercial paper, CDs, corporate debt securities, municipal
securities, mutual funds, ETFs, money market accounts, option contracts, and other
investments. In some situations, CIM, LLC provides these investment supervisory services to
client accounts that are held in 401(k)s, HSAs or similar plans (“held-away accounts”) to
manage these assets within the options available in the plan and utilizes a third party Order
Management System in order to effect transactions on behalf of the client. At client direction,
CIM, LLC will occasionally place unsolicited trades for clients in their accounts.
On occasion CIM, LLC will recommend no-load variable annuities to a client based on their
financial needs and income requirements. In these instances, CIM, LLC receives no
commissions or fees from the issuer as a result of the client purchasing a variable annuity. In
the event a client selects CIM, LLC to manage the underlying investments in the variable
annuity, the client will receive an invoice for an asset-based fee and pay for the investment
services and asset management from funds outside the annuity.
When we provide investment advice to clients regarding their retirement plan accounts or
individual retirement accounts, we are fiduciaries within the meaning of Title I of the Employee
Retirement Income Securities Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as
applicable, which are laws governing retirement accounts. The receipt of our advisory fee for
making a recommendation creates a conflict of interest under ERISA/IRC the clients’ interests,
so we operate under a special rule that requires us to act in the clients’ best interests and not
put our interest ahead of theirs. For example, if we recommend that a client roll over assets
from one retirement account to another and we will receive increased compensation as a result
of that recommendation, we have a conflict that requires us to operate under this special rule.
FINANCIAL PLANNING SERVICES:
CIM, LLC also provides advice in the
form of financial planning services. Clients receive a
written financial plan, providing the client with detailed recommendations and an investment
strategy designed to achieve their stated financial goals and objectives. In general, the financial
plan may address any or all of the following areas of concern:
Personal: Family records, budgeting, personal liability, estate information and financial
goals.
Tax and Cash Flow: Income tax and spending analysis and planning for past, current and future
years. In conjunction with Hippo Tax Services LLC, a separate, affiliated company that provides
tax return preparation and tax planning services, CIM, LLC will illustrate the impact of various
investments on a client's current income tax and future tax liability.
1
Death and Disability: Cash needs at death, income needs of surviving dependents, estate
planning and disability income analysis.
Retirement: Analysis of current strategies and investment plans to help the client achieve his or
her retirement goals.
Investments: Analysis of investment alternatives and their effect on a client's portfolio.
Real Estate: Analysis of how clients’ residential real estate holdings, primarily their residence,
may be best utilized as a part of their comprehensive financial planning needs, and whether it is
in the clients’ best interests to retain or sell their property.
Accommodation accounts: From time to time, the Firm will have a small number of accounts
that we hold as accommodation accounts. We will help these account holders trade upon their
request, but provide no reporting to them, charge them no fees, nor do we provide any
discretionary or non-discretionary adviser related services. We have no fiduciary
responsibilities or obligations to the holders of these accommodation accounts with respect to
these accounts.
Tailored Relationships
CIM, LLC’s standard services are tailored to our clients’ investment objectives as stated in
the clients’ written agreement with CIM, LLC, which includes a description of our services,
discretionary/non-discretionary authority, the payment of advisory fees either through direct
1 This is subject to client’s executing a separate agreement with Hippo Tax Services LLC. The affiliation between
companies is always fully disclosed in advance, and clients are under no obligation to engage the services of Hippo Tax
Services.
debiting or direct invoice, important disclosures and other terms of our client relationship.
Clients may impose restrictions on investing in certain securities or types of securities.
Such restrictions must be submitted to CIM, LLC in writing.
Wealth Management Wrap-Fee Programs
CIM, LLC offers a proprietary CIM, LLC Wealth Management Wrap Fee program. Clients
pay one comprehensive wrap fee to CIM, LLC, from which CIM, LLC collects its
management fee after paying all associated transaction fees and commissions. As part of
the wrap fee program, clients receive wealth management services in addition to our
portfolio management services. Further detail is outlined in Appendix I Wealth Management
Wrap Fee Program Brochure. CIM, LLC’s management of Wealth Management Wrap Fee
accounts is indistinguishable from its management of Portfolio Management accounts.
Client Assets
Total assets under management as of 3/28/2024 $633,264,095
Discretionary AUM $606,635,167
Non-discretionary AUM $26,628,928