Cutler Capital Management Llc
- Regulatory AUM
- $431M
- Discretionary
- $431M
- Clients
- 146
- Avg AUM / client
- $3.0M
- Accounts
- 348
- Employees
- 9
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 25, 2026
Investments (13F portfolio — 116 positions, $369,859,771)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Agnico Eagle | COM | $24,073,021 | 118,598 | 6.51% | 5.59% |
| 2 | Metlife Inc | COM | $12,429,651 | 175,759 | 3.36% | 2.89% |
| 3 | Cto Realty Grw | COM | $12,191,754 | 659,370 | 3.3% | 2.83% |
| 4 | Timberland Banc | COM | $11,482,075 | 291,202 | 3.1% | 2.67% |
| 5 | Exchange Bank | COM | $11,033,714 | 75,781 | 2.98% | 2.56% |
| 6 | Shell Plc | SPON ADS | $10,295,192 | 110,701 | 2.78% | 2.39% |
| 7 | Bunge Limited | COM SHS | $10,094,536 | 79,360 | 2.73% | 2.34% |
| 8 | Fidelity Cvngtn | MSCI ENERGY IDX | $9,094,061 | 267,315 | 2.46% | 2.11% |
| 9 | Parke Bancorp | COM | $9,014,886 | 317,426 | 2.44% | 2.09% |
| 10 | First Business | COM | $8,337,063 | 154,590 | 2.25% | 1.94% |
| 11 | Sb Financial | COM | $8,192,869 | 390,137 | 2.22% | 1.9% |
| 12 | Sirius Xm Hldngs | NOTE 3.750% 3/1 | $7,496,968 | 7,223,000 | 2.03% | 1.74% |
| 13 | Energy Transfer | COM UT LTD PTN | $7,279,922 | 377,198 | 1.97% | 1.69% |
| 14 | Ppl Capital | NOTE 2.875% 3/1 | $7,275,016 | 6,210,000 | 1.97% | 1.69% |
| 15 | Verizon Comm | COM | $7,096,571 | 141,366 | 1.92% | 1.65% |
| 16 | Merck&Co Inc | COM | $7,024,496 | 58,396 | 1.9% | 1.63% |
| 17 | Pfizer Inc | COM | $6,985,476 | 248,771 | 1.89% | 1.62% |
| 18 | Innoviva Inc | NOTE 2.125% 3/1 | $6,817,701 | 6,320,000 | 1.84% | 1.58% |
| 19 | Progress Software | NOTE 3.500% 3/0 | $6,702,978 | 7,545,000 | 1.81% | 1.56% |
| 20 | Benchmark Bank | COM | $6,274,223 | 173,082 | 1.7% | 1.46% |
| 21 | Viatris Inc | COM | $6,164,231 | 456,272 | 1.67% | 1.43% |
| 22 | Bank Botetourt | COM | $5,755,855 | 122,465 | 1.56% | 1.34% |
| 23 | Ledyard Finan | COM | $5,716,903 | 335,696 | 1.55% | 1.33% |
| 24 | Chespke Finan | COM | $5,710,215 | 178,500 | 1.54% | 1.33% |
| 25 | Chiron Rl Estte | COM NEW | $5,696,741 | 172,211 | 1.54% | 1.32% |
Top 25 of 116 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 22 | $5.0M | 1.16% |
| High net worth individuals | 102 | $275M | 63.9% |
| Pooled investment vehicles (non-investment companies) | 2 | $101M | 23.5% |
| Pension and profit sharing plans | 2 | $3.6M | 0.83% |
| Charitable organizations | 3 | $16.4M | 3.82% |
| Corporations and other businesses | 15 | $29.3M | 6.8% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $88.0M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Cutler Investment Fund, Lp | Hedge Fund | Delaware | $62.0M | 34 |
| Cutler Financials Fund, Lp | Hedge Fund | Delaware | $26.0M | 36 |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Melvin Stanley Cutler | Principal | Jul 1999 (27y) | Less than 5% | |
| Geoffrey Kristopher Allan Dancey | President, Chief Compliance Officer, Principal And Managing Member | CFA | Feb 2004 (22y) | 50% – 75% |
| Michael Edward Hogan | Registered representative | Chartered Financial Consultant | Oct 2019 (7y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cutler Limited Partnership I | Member | Jan 2004 | A | 25% – 50% |
| Melvin S. Cutler 2008 Revocable Trust | Sole Shareholder | Aug 2010 | B | 75% or more of Cutler Lp I Corp. (indirect) |
| Cutler Lp I Corp. | Equity Owner | Jan 2004 | B | GP / trustee / elected manager of Cutler Limited Partnership I (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $88.0M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Cutler Investment Fund, Lp | Hedge Fund | $62.0M | $250K | 34 |
| Cutler Financials Fund, Lp | Hedge Fund | $26.0M | $250K | 36 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/25/2026 | 1.32 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Fidelity Brokerage Services $291M (68% of AUM) Mar 2026
- RBC $38.5M (9% of AUM) Mar 2026
- Goldman Sachs $21.3M (7% of AUM) Mar 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 25, 2026.
View current Form ADV (SEC/IAPD) ↗