Portfolio Solutions LLC is a large advisory firm based in Troy. It manages $1.36 billion of regulatory assets for 1,774 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 31 other states.
Portfolio Solutions provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Portfolio Solutions LLC is $1.36 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1357% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Portfolio Solutions LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Robert Bergmann is high net worth individuals with 415 clients and $1.23 billion of assets under management. Among the 9 most similar advisory firms, Portfolio Solutions has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.36 billion for 622 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.
Portfolio Solutions doesn't advise any private funds.
The company employs 14 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
John Robert Bergmann has been acting as President since 1 Apr 2016. Anthony Robert Watson has served as the Chief Investment Officer since 1 Jun 2012. James Scott Gladney joined the executive team most recently as the Chairman And Chief Executive Officer.
The principal office where Portfolio Solutions LLC performs its advisory services is located at 900 Wilshire Drive, Troy, MI 48084 1664, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 248-689-1550 or by fax 248-689-7611. The normal business hours are 8:30 am - 5:00 pm est on Monday - Friday. You can find more information about the New York firm at portfoliosolutions.com/.