Physicians Financial Services, Inc. (Raleigh)

Name: Physicians Financial Services, Inc.
Address: 100 E. Six Forks Road, Raleigh, NC, 27609
Telephone: 919-863-2355

Physicians Financial Services, Inc. is a large advisory firm based in Raleigh. It manages $218.62 million of regulatory assets for 418 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of North Carolina and Virginia.

Physicians Financial Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Physicians Financial Services: assets under management

The assets under management (AUM) of Physicians Financial Services, Inc. is $218.62 million. The firm's AUM has grown by 579% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $199.42 million in discretionary accounts and $19.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $534.65 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $426.68 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Physicians Financial Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Physicians Financial Services serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Physicians Financial Services is high net worth individuals with 64 clients and $185.83 million of assets under management. Among the 10 most similar advisory firms, Physicians Financial Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $218.51 million for 159 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Physicians Financial Services doesn't advise any private funds.

Careers at Physicians Financial Services, Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cornelius Trawick Mcdonald	President, chief compliance officer	1 Feb 1987	75% - 100%	1288377

Based in Raleigh

The principal office where Physicians Financial Services, Inc. performs its advisory services is located at 100 E. Six Forks Road, Raleigh, NC 27609 The mailing address of the firm is Po Box 10973, Raleigh, NC 27605. An additional office of the firm is in Goldsboro, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 919-863-2355 or by fax 919-865-1925. The normal business hours are by appointment only on Other. You can find more information about the New York firm at physiciansfs.com.