The Joseph Group LLC (Columbus)


The Joseph Group LLC is a large advisory firm based in Columbus. It manages $417.24 million of regulatory assets for 527 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Florida, and 11 other states.

The Joseph Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Joseph Group: assets under management

The assets under management (AUM) of The Joseph Group LLC is $417.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $417.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $791.72 thousand each.
The Joseph Group has custody of $17.44 million in cash and securities for 57 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Joseph Group LLC for their services and products based on a percentage of assets under management 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 Matthew David Palmer serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Matthew David Palmer is individuals with 391 clients and $251.5 million of assets under management. Among the 10 most similar advisory firms, The Joseph Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $417.24 million for 527 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.

The Joseph Group doesn't advise any private funds.

Careers at The Joseph Group LLC

The company employs 18 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 8 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.

Matthew David Palmer has been acting as President since 1 Apr 2012. Todd Daniel Walter joined the executive team most recently as the Chief Wealth Planning Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Mark Joseph Palmer Ceo 1 Apr 2012 Other 4360802
Matthew David Palmer President 1 Apr 2012 Other 4360807
Robert Travis Upton Cio/member 1 Apr 2012 Other 3158923
Inc. The Joseph Group Corporation/member 1 Apr 2012 75% - 100% 31-1455395
Bruce Scott Mizer Coo & cco 1 Jan 2014 Other 1519998
Mark Joseph Palmer Chairman 1 Jan 2017 Other 4360802
Matthew David Palmer Ceo 1 Jan 2017 Other 4360807
Bruce Scott Mizer President & cco 1 Jan 2017 Other 1519998
Todd Daniel Walter Director, advisory services 1 Jan 2017 Other 4610460
Todd Daniel Walter Chief wealth planning officer 1 Jan 2018 Other 4610460

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Mark Joseph Palmer Owner 1 Jan 1999 50% - 75% 4360802
Matthew David Palmer Owner 1 Jan 1999 50% - 75% 4360807

Based in Columbus

The principal office where The Joseph Group LLC performs its advisory services is located at 300 Marconi Blvd., Columbus, OH 43215, 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 614-228-4300 or by fax 614-629-0050. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at josephgroup.com.