Portfolio Medics, LLC is a large advisory firm based in Bonita Springs. It manages $119.8 million of regulatory assets for 1,040 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Connecticut, and 20 other states.
Portfolio Medics provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.
The assets under management (AUM) of Portfolio Medics, LLC is $119.8 million. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Portfolio Medics, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 and high net worth individuals. The largest group of clients of Portfolio Medics is individuals with 1,030 clients and $108.08 million of assets under management. Among the 9 most similar advisory firms, Portfolio Medics has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $119.8 million for 1,040 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 Medics doesn't advise any private funds.
The company employs 16 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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 receive compensation from other entities for client referrals.
The principal office where Portfolio Medics, LLC performs its advisory services is located at 27499 Riverview Center Blvd, Bonita Springs, FL 34134, which is also the mailing address of the firm. An additional office of the firm is in Cary, NC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (239) 444-1766 or by fax 775-806-6006. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at portfoliomedics.com.