New Simco, Inc. is a related adviser based in Bloomfield Hills. It manages $4.23 million of regulatory assets for 83 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Michigan, Texas, and Washington.
New Sim provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of New Simco, Inc. is $4.23 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -96% 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 New Simco, Inc. 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.
John Kenneth Sosnowy has been acting as President since 1 Apr 2001. Jerry Charles Wagner joined the executive team most recently as the President/Treasurer/Chief Compliance Officer.
The principal office where New Simco, Inc. performs its advisory services is located at 3883 Telegraph Road, Suite 100, Bloomfield Hills, MI 48302 1432, 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 248-642-6640 or by fax 248-642-6741. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at www.lastingwealth.com.