Cutler Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. Financial planning was provided to 1–10 clients last fiscal year. The firm advises 2 private funds.
Cutler Capital Management reports 146 clients. They include 102 high-net-worth individuals, 22 individual clients, and 15 corporations and other businesses. Of its assets, 100.0% ($431M across 348 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 15% | 1% |
| High-net-worth individuals | 70% | 64% |
| Pooled investment vehicles | 1% | 24% |
| Pension and profit-sharing plans | 1% | <1% |
| Charitable organizations | 2% | 4% |
| Other client typesCorporations and other businesses | 10% | 7% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 22 | $5.01M | 1.2% | $228K |
| High-net-worth individuals | 102 | $275M | 63.9% | $2.7M |
| Pooled investment vehicles | 2 | $101M | 23.5% | $50.7M |
| Pension and profit-sharing plans | Fewer than 5 | $3.56M | 0.8% | $1.78M |
| Charitable organizations | Fewer than 5 | $16.4M | 3.8% | $5.48M |
| Corporations and other businesses | 15 | $29.3M | 6.8% | $1.95M |
| Total | 146 | $431M | 100% | — |
- Clients
- 22
- Regulatory AUM
- $5.01M
- AUM share
- 1.2%
- Avg. per client
- $228K
- Clients
- 102
- Regulatory AUM
- $275M
- AUM share
- 63.9%
- Avg. per client
- $2.7M
- Clients
- 2
- Regulatory AUM
- $101M
- AUM share
- 23.5%
- Avg. per client
- $50.7M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.56M
- AUM share
- 0.8%
- Avg. per client
- $1.78M
- Clients
- Fewer than 5
- Regulatory AUM
- $16.4M
- AUM share
- 3.8%
- Avg. per client
- $5.48M
- Clients
- 15
- Regulatory AUM
- $29.3M
- AUM share
- 6.8%
- Avg. per client
- $1.95M
Total
- Clients
- 146
- Regulatory AUM
- $431M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 1–10
Cutler Capital Management charges 1.00% a year for its Separately managed accounts. The fee is billed in arrears, is negotiable, has a $3,000 annual minimum and requires an account of at least $1,000,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Financial planning is a fixed fee that generally ranges from $2,500 to $6,000, negotiable; half is due in advance and the balance on completion.
Geoffrey Dancey owns 50% to 75% of Cutler Capital Management. The leadership team of Cutler Capital Management includes President Geoffrey Dancey. It has 9 employees, 6 of them in advisory roles.
Leadership
- Geoffrey DanceyPresident, Chief Compliance Officer, Principal and Managing Member
- Melvin CutlerPrincipal
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 9 employees
- 6 in advisory functions
- 3 state-registered reps
- 1 soliciting firm
- Owns 50% to 75% of Cutler Capital Management LLC
Geoffrey Dancey
Control person · since June 2006
- Owns 25% to 50% of Cutler Capital Management LLC
Cutler Limited Partnership I
since January 2004
Cutler LP-I Corp.
Equity owner · Control person · since January 2004
- Owns 75% or more of Cutler LP-I Corp.
Melvin S. Cutler 2008 Revocable Trust
Control person · since August 2010
Cutler Capital Management’s regulatory assets grew 1.7× from $249M (May 2021) to $431M (March 2026); clients rose from 86 to 146 and employees from 7 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $431M | 146 | 9 | 1 |
| March 2025 | $340M | 129 | 9 | 1 |
| March 2024 | $316M | 128 | 9 | 2 |
| March 2023 | $305M | 107 | 8 | 2 |
| April 2022 | $323M | 91 | 8 | 2 |
| May 2021 | $249M | 86 | 7 | 2 |
Besides its headquarters, Cutler Capital Management has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 306 Main St, 2nd Floor, WorcesterHQ
Contact and registration details
- Legal name
- Cutler Capital Management LLC
- Headquarters
- 306 Main St, 2nd Floor, Worcester, MA 01608-1518
- Website
- cutlercapital.com
- Phone
- 508-757-4455
- @cutler-capital-management-llc
- SEC file
- 801-57382
- Structure
- Massachusetts LLC
- Fiscal year end
- December
Cutler Capital Management uses Fidelity ($291M, 88%) and RBC Capital Markets ($38.5M, 12%) as custodians for its separately managed accounts. Cutler Capital Management has custody of $114M in client assets for 3 clients.
- RBC Capital MarketsRBC Capital Markets, LLC · New York, NY · $38.5M12%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $291M88%
At year end, Cutler Capital Management’s separately managed accounts were mostly in stocks (56%) and cash (14%). Its reported 13F holdings for the quarter ended 30 June 2026 total $385M across 124 positions; the largest are Agnico Eagle Mines Ltd (4.7%), Metlife Inc. Com Usd0.01 (3.8%) and Cto Rlty Growth Inc. New (3.6%).
What the accounts hold
- Stocks56%
- Exchange-traded equities49%
- Non-exchange-traded equities7%
- Funds4%
- Bonds9%
- U.S. government and agency bonds8%
- State and local bonds1%
- Cash14%
- Other18%
- Convertible bonds - 16% / convertible preferred securities - 2%18%
Reported 13F holdings
- $385M
- Reported 13F value
- 124
- Positions
- 30.8%
- In the 10 largest
- +4.1%
- Value vs. prior quarter
- Agnico Eagle Mines Ltd4.7%
- Metlife Inc. Com Usd0.013.8%
- Cto Rlty Growth Inc. New3.6%
- Timberland Bancorp Inc.3.3%
- Exchange BK Santa Rosa Calif3.2%
- Parke Bancorp Inc. Com Stk Usd0.102.7%
- SB Finl Group Inc.2.5%
- First Business Finl Svcs Inc. W2.5%
- Shell PLC Spon ADS EA Rep 2 Ord Shs · Spon ADS2.2%
- Bunge Global SA Com Usd0.012.2%
Together, the ten largest are 30.8% of reported value.
How many clients does Cutler Capital Management have?
Cutler Capital Management has 146 clients and manages $431 million for them, as of March 2026. They include 102 high-net-worth individuals, 22 individual clients, and 15 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Cutler Capital Management offer?
Cutler Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Cutler Capital Management charge?
Cutler Capital Management charges 1.00% a year for its Separately managed accounts. The fee is billed in arrears, is negotiable, has a $3,000 annual minimum and requires an account of at least $1,000,000.
Which custodians does Cutler Capital Management use?
Cutler Capital Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $291M and RBC Capital Markets, LLC (New York, NY), with $38.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Cutler Capital Management have?
Cutler Capital Management has 3 investment adviser representatives registered with state securities authorities, out of 9 employees, and 6 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 Cutler Capital Management invest in?
At the end of its last fiscal year, Cutler Capital Management’s separately managed accounts held 49% exchange-traded equities, 18% other, 14% cash and equivalents, 8% U.S. government and agency bonds, 7% non-exchange-traded equities, 4% registered funds (mutual funds, ETFs, BDCs) and 1% state and local bonds. The 18% other category is described as: Convertible Bonds - 16% / Convertible Preferred Securities - 2%. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Cutler Capital Management have a minimum investment?
Yes, Cutler Capital Management’s minimum account size for its Separately managed accounts is $1M. It charges a $3K annual minimum fee.
Who owns Cutler Capital Management?
Cutler Capital Management is owned through a chain of holding companies by Melvin S. Cutler 2008 Revocable Trust. Its direct owners are Cutler Limited Partnership I (25% to 50%) and Geoffrey Dancey (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Cutler Capital Management get paid?
Cutler Capital 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
How do I contact Cutler Capital Management?
Cutler Capital Management’s main office is at 306 Main St, 2nd Floor, Worcester, MA 01608-1518. Its phone number is 508-757-4455. Its website is cutlercapital.com.