Actium LLC (Grand Rapids)

Name: Actium LLC
Address: 5088 140 Corporate Exchange Blvd., Grand Rapids, MI, 49512
Telephone: 616.871.0751

Actium LLC is a large advisory firm based in Grand Rapids. It manages $405.45 million of regulatory assets for 1,769 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Georgia, Illinois, and 9 other states.

Actium provides portfolio management for individuals and small businesses and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Actium: assets under management

The assets under management (AUM) of Actium LLC is $405.45 million. The firm's AUM has grown by 255% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $6.44 million in discretionary accounts and $399 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.66 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $44.33 million.

Actium has custody of $370.88 million in cash and securities for 1,236 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 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Actium 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.

What kind of clients Actium serves?

The only and largest group of clients of Actium is individuals with 1,769 clients and $405.45 million of assets under management. Among the 11 most similar advisory firms, Actium has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $405.45 million for 1,769 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.

Actium doesn't advise any private funds.

Careers at Actium LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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 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
John Charles Whaley	Member	1 Mar 2006	25% - 50%	5114534
Chad Jeremy Griffeth	Member	1 Mar 2006	25% - 50%	4525906
Mark David Hoppe	Portfolio analyst	1 Sep 2009	Other	5165178
Jonathon E Whaley	Chief compliance officer	1 Jan 2015	Other	xxx-xx-xxxx

Based in Grand Rapids

The principal office where Actium LLC performs its advisory services is located at 5088 140 Corporate Exchange Blvd., Grand Rapids, MI 49512, 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 616.871.0751 or by fax 616.741.1366. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at bemanaged.com/.