Firstmetric, LLC (Troy)

Name: Firstmetric, LLC
Address: 200 E. Big Beaver Rd, Troy, MI, 48083
Telephone: 248-817-8919

Firstmetric, LLC is a large advisory firm based in Troy. It manages $110.73 million of regulatory assets for 133 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California and Michigan.

Firstmetric provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Firstmetric: assets under management

The assets under management (AUM) of Firstmetric, LLC is $110.73 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $832.59 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Firstmetric, LLC for their services and products based on 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 Firstmetric serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Firstmetric is high net worth individuals with 19 clients and $105.94 million of assets under management. Among the 13 most similar advisory firms, Firstmetric has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $110.73 million for 27 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.

Firstmetric doesn't advise any private funds.

Careers at Firstmetric, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Scott Christopher Salaske	Chief executive officer/chief compliance officer/managing member	1 Jul 2017	75% - 100%	4076996

Based in Troy

The principal office where Firstmetric, LLC performs its advisory services is located at 200 E. Big Beaver Rd, Troy, MI 48083, which is also the mailing address of the firm. An additional office of the firm is in Sterling Heights, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-817-8919 or by fax 248-817-8791. The normal business hours are 8:30 am - 5:00 pm et on Monday - Friday. You can find more information about the New York firm at firstmetric.com.