{"url":"https://nivawealth.com/firms/cig-asset-management-123609","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/123609","regulatoryAum":192479928,"crd":"123609","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6557762","suffix":"JR","lastName":"Bolden","firstName":"Robert","middleName":"Craig"},{"crd":"2504848","suffix":null,"lastName":"CHAPUT","firstName":"KENNETH","middleName":"GERARD"},{"crd":"2426151","suffix":null,"lastName":"MINKARA","firstName":"OSMAN","middleName":"RADWAN"},{"crd":"6183264","suffix":null,"lastName":"ROEDER","firstName":"NICKOLAS","middleName":"RAY"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-05-05","regulatoryAum":188928861,"clients":230,"employees":8,"offices":1},{"filedOn":"2022-07-29","regulatoryAum":209435781,"clients":255,"employees":9,"offices":1},{"filedOn":"2023-04-03","regulatoryAum":180105033,"clients":244,"employees":6,"offices":1},{"filedOn":"2024-03-29","regulatoryAum":135208823,"clients":210,"employees":5,"offices":1},{"filedOn":"2025-04-01","regulatoryAum":137085705,"clients":196,"employees":5,"offices":1},{"filedOn":"2026-03-26","regulatoryAum":192479928,"clients":158,"employees":8,"offices":1}],"secFileNumber":"801-66667","legalName":"Cig Asset Management, Inc.","displayName":"CIG Asset Management","slug":"cig-asset-management-123609","website":"https://cigcapitaladvisors.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Michigan corporation","fiscalYearEnd":"December","headquarters":{"street":"One Towne Square, Suite 1850","city":"Southfield","state":"MI","stateName":"Michigan","country":"United States","postalCode":"48076"},"tradeNames":[],"registration":{"secApproved":"2 May 2006","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":2001593.423076923,"staff":{"employees":8,"advisory":5,"brokerDealerReps":4,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":192479928,"discretionary":187678039,"discretionaryAccounts":445,"nonDiscretionary":4801889,"nonDiscretionaryAccounts":25,"wrapProgram":563034117,"nonUsClientsPct":0,"nonAumClients":1},"clientTypes":[{"label":"Individuals (other than HNW)","clients":33,"regulatoryAum":13043775},{"label":"High-net-worth individuals","clients":45,"regulatoryAum":143080512},{"label":"Pooled investment vehicles","clients":24,"regulatoryAum":4801889},{"label":"Pension and profit-sharing plans","clients":56,"regulatoryAum":31553752}],"feePrograms":[{"role":"main","program":"Fee Based Program","feeBasis":"marginal","fee_tiers":[{"to":250000,"pct":2.5,"from":0},{"to":500000,"pct":2,"from":250000},{"to":750000,"pct":1.8,"from":500000},{"to":1000000,"pct":1.5,"from":750000},{"to":1500000,"pct":1,"from":1000000},{"to":null,"pct":0.8,"from":1500000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026961","versionId":1026961,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-26","documentName":"CIG ASSET MANAGEMENT - PART 2A APPENDIX OF FORM ADV","fee_rate_low":0.8,"fee_rate_high":2.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Comprehensive Financial Plan","summary":"A flat fee of $2,500 to $10,000, negotiated beforehand and based on expected hours at up to $500 an hour; further analysis is billed at up to $500 an hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026961","versionId":1026961,"submittedOn":"2026-03-26","documentName":"CIG ASSET MANAGEMENT - PART 2A APPENDIX OF FORM ADV"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:41:32.307005+00:00","documents":[{"name":"CIG ASSET MANAGEMENT - PART 2A APPENDIX OF FORM ADV","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026961","versionId":1026961,"submittedOn":"2026-03-26"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026962","versionId":1026962,"submittedOn":null}]},"custodians":[],"custodyNote":"CIG Asset Management has custody of $3.58M in client assets for 11 clients.","leadership":[{"name":"Osman Minkara","title":"Chief Executive Officer/President","crd":"2426151"},{"name":"Kenneth Chaput","title":"Chief Compliance Officer","crd":"2504848"}],"ownership":[{"label":"Cig Capital Advisors (Formerly Cig Corp.)","detail":"Owner in the 75% or more ownership band and a control person, since October 2007."},{"label":"Osman Minkara","detail":"Indirect owner: a owner of Cig Capital Advisors (Formerly Cig Corp.) in the 75% or more band and a control person, since October 2007.","parent":"Cig Capital Advisors (Formerly Cig Corp.)"}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Michigan","offices":1,"addresses":[{"street":"One Towne Square, Suite 1850","city":"Southfield","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"248-827-1010","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":65},{"label":"Securities issued by registered investment companies or business development companies","percent":32},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":2},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":1},"sources":{"adv1FilingDate":"26 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/123609/PDF/123609.pdf","brochureDate":"26 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026961","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does CIG Asset Management have?","answer":"CIG Asset Management has 158 clients and manages $192 million for them, as of March 2026. They include 56 pension and profit-sharing plans, 45 high-net-worth individuals, and 33 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does CIG Asset Management offer?","answer":"CIG Asset Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does CIG Asset Management charge?","answer":"CIG Asset Management charges 0.80%–2.50% a year for its Fee Based Program. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.","source":"CIG ASSET MANAGEMENT - PART 2A APPENDIX OF FORM ADV, filed 26 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"How many financial advisors does CIG Asset Management have?","answer":"CIG Asset Management has 5 investment adviser representatives registered with state securities authorities, out of 8 employees, and 5 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does CIG Asset Management invest in?","answer":"At the end of its last fiscal year, CIG Asset Management’s separately managed accounts held 65% exchange-traded equities, 32% registered funds (mutual funds, ETFs, BDCs), 2% pooled vehicles (private funds and similar) and 1% cash and equivalents. It advises 1 private fund.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns CIG Asset Management?","answer":"CIG Asset Management is owned through a holding company by Osman Minkara. Its direct owner is Cig Capital Advisors (Formerly Cig Corp.) (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does CIG Asset Management get paid?","answer":"CIG Asset Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is CIG Asset Management registered with the SEC?","answer":"Yes, CIG Asset Management has been registered with the SEC as an investment adviser since 2 May 2006. Its CRD number is 123609 and its SEC file number is 801-66667.","source":"Form ADV Part 1A, Item 1, filed 26 March 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact CIG Asset Management?","answer":"CIG Asset Management’s main office is at One Towne Square, Suite 1850, Southfield, MI 48076. Its phone number is 248-827-1010. Its website is cigcapitaladvisors.com.","source":"Form ADV Part 1A, Item 1.F, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}