Cullen Investment Group provides financial planning, portfolio management for individuals and small businesses, and retirement plan services. Financial planning was provided to 101–250 clients last fiscal year.
Cullen Investment Group reports 611 clients. They include 369 individual clients, 236 high-net-worth individuals and 6 charitable organizations. Of its assets, 100.0% ($910M across 1,499 accounts) are managed with discretion. It advised 9 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 60% | 10% |
| High-net-worth individuals | 39% | 86% |
| Charitable organizations | <1% | 4% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 369 | $89.6M | 9.8% | $243K |
| High-net-worth individuals | 236 | $784M | 86.1% | $3.32M |
| Charitable organizations | 6 | $33.9M | 3.7% | $5.65M |
| Corporations and other businesses | Fewer than 5 | $2.89M | 0.3% | — |
| Total | 611 | $910M | 100% | — |
- Clients
- 369
- Regulatory AUM
- $89.6M
- AUM share
- 9.8%
- Avg. per client
- $243K
- Clients
- 236
- Regulatory AUM
- $784M
- AUM share
- 86.1%
- Avg. per client
- $3.32M
- Clients
- 6
- Regulatory AUM
- $33.9M
- AUM share
- 3.7%
- Avg. per client
- $5.65M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.89M
- AUM share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 611
- Regulatory AUM
- $910M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 9
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Cullen Investment Group charges 0.50%–1.00% a year for its Investment Management Services. The fee is billed in advance and is negotiable.
Fee details and sources
David Bordes owns 50% to 75% of Cullen Investment Group. The leadership team of Cullen Investment Group includes President David Bordes. It has 11 employees, 5 of them in advisory roles.
Staff
- 11 employees
- 5 in advisory functions
- 6 state-registered reps
- Owns 50% to 75% of Cullen Investment Group, LTD.
David Bordes
Control person · since October 1986
- Owns 25% to 50% of Cullen Investment Group, LTD.
Stephen Nickel
since January 2017
Cullen Investment Group’s regulatory assets grew 1.7× from $543M (March 2021) to $910M (March 2026); clients rose from 461 to 611 and employees from 6 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $910M | 611 | 11 | 2 |
| Jul 2025July 2025 | $795M | 550 | 9 | 2 |
| Mar 2024March 2024 | $675M | 500 | 7 | 2 |
| Mar 2023March 2023 | $552M | 464 | 5 | 2 |
| Mar 2022March 2022 | $596M | 500 | 5 | 2 |
| Mar 2021March 2021 | $543M | 461 | 6 | 2 |
Besides its headquarters, Cullen Investment Group has 1 office, with 2 listed addresses in 1 state.
Louisiana · 2 listed addresses
- 1404 S. College RD., LafayetteHQ
- 521 SW Court Circle, Crowley
Contact and registration details
- Legal name
- Cullen Investment Group, LTD.
- Headquarters
- 1404 S. College RD., Lafayette, LA 70503
- Website
- cullenonline.com
- Phone
- 337-237-8000
- SEC file
- 801-61265
- Founded
- 1986
- Structure
- Louisiana corporation
- Fiscal year end
- December
Cullen Investment Group’s named custodian for separately managed accounts is Raymond James ($795M). Cullen Investment Group does not have custody of client assets.
- Raymond JamesRaymond James & Associates, Inc. · St Petersburg, FL · $795M100%
At year end, Cullen Investment Group’s separately managed accounts were mostly in stocks (85%) and cash (12%). Its reported 13F holdings for the quarter ended 31 March 2026 total $758M across 179 positions; the largest are Berkshire Hathaway Incorporated Del Class B New (6.4%), Apple Incorporated (6.3%) and Walmart Incorporated (4.7%).
What the accounts hold
- Stocks85%
- Funds1%
- Bonds2%
- Cash12%
How many clients does Cullen Investment Group have?
Cullen Investment Group has 611 clients and manages $910 million for them, as of March 2026. They include 369 individual clients, 236 high-net-worth individuals and 6 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Cullen Investment Group offer?
Cullen Investment Group provides financial planning, portfolio management for individuals and small businesses, and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Cullen Investment Group charge?
Cullen Investment Group charges 0.50%–1.00% a year for its Investment Management Services. The fee is billed in advance and is negotiable.
Source: CULLEN INVESTMENT GROUP - DISCLOSURE BROCHURE (FORM ADV PART 2A), filed 24 March 2026
Which custodians does Cullen Investment Group use?
Cullen Investment Group’s separately managed account assets are held at Raymond James & Associates, Inc. (St Petersburg, FL), with $795M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Cullen Investment Group have?
Cullen Investment Group has 6 investment adviser representatives registered with state securities authorities, out of 11 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cullen Investment Group invest in?
At the end of its last fiscal year, Cullen Investment Group’s separately managed accounts held 85% exchange-traded equities, 12% cash and equivalents, 2% U.S. government and agency bonds and 1% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cullen Investment Group?
Cullen Investment Group’s direct owners are Stephen Nickel (25% to 50%) and David Bordes (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Cullen Investment Group get paid?
Cullen Investment Group is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Cullen Investment Group?
Cullen Investment Group’s main office is at 1404 S. College RD., Lafayette, LA 70503. Its phone number is 337-237-8000. Its website is cullenonline.com.