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How does the advisor help clients – Key Takeaways:
56 MANAGEMENT LLC provides comprehensive financial planning and management services to clients seeking to grow and protect their wealth.
- The firm offers a range of financial services, including investment management, retirement planning, education planning, tax planning, and estate planning.
- The team of experienced advisors at 56 MANAGEMENT LLC work closely with each client to develop customized financial plans tailored to their individual needs and goals.
- The firm operates with a fiduciary duty, meaning they are legally obligated to act in the best interest of their clients.
Facts and Insights
Founded in 2005, 56 MANAGEMENT LLC has quickly become a top choice for individuals and businesses seeking expert financial guidance.
- The firm manages over $500 million in assets under management (AUM).
- There are currently 10 advisors on the team at 56 MANAGEMENT LLC, each with a unique area of expertise and years of experience in the industry.
- The firm prides itself on delivering personalized, high-quality service to its clients, with a focus on building long-term relationships.
Assets Under Management, Number of Advisors and Time in Business:
| Assets Under Management: | $500 million |
|---|---|
| Number of Advisors: | 10 |
| Time in Business: | 15 years |
Financial Services Offered
- Investment Management
- Retirement Planning
- Education Planning
- Tax Planning
- Estate Planning
Client Types
56 MANAGEMENT LLC works with a diverse range of clients, including:
- Individuals
- High-net-worth individuals
- Business owners
- Families
- Non-profit organizations
- Individual retirement accounts (IRAs)
Fees & Compensation
56 MANAGEMENT LLC charges a fee based on a percentage of assets under management. This fee structure ensures that the firm’s interests align with those of their clients, as the firm only earns more when the client’s assets grow.
The firm also offers an hourly consulting fee for clients seeking specific financial advice or assistance with a particular financial goal.
Background
The team at 56 MANAGEMENT LLC is comprised of highly experienced and knowledgeable financial experts. They hold various professional designations, including Certified Financial Planner (CFP) and Chartered Financial Analyst (CFA).
The firm values continuous education and stays updated on the latest industry developments and best practices to provide the most effective financial advice to their clients.
Financial Advisor Disclosures to Know
As a fiduciary, 56 MANAGEMENT LLC is required to disclose any potential conflicts of interest to clients. These disclosures include but are not limited to:
- Compensation structure
- Firm’s code of ethics
- Any potential financial incentives for recommending certain products or services