How does the advisor help clients – Key Takeaways:
Asset Management Associates is a financial advisory firm that specializes in providing expert asset management services to clients. With a team of highly qualified and experienced financial advisors, they offer a range of services to help clients achieve their financial goals.
In addition to managing assets, Asset Management Associates also offers financial planning, retirement planning, and estate planning services. They work closely with each client to develop personalized strategies that are tailored to their unique needs and objectives.
Facts and Insights
Founded in 2005, Asset Management Associates has been in business for over 15 years. The firm currently has 10 advisors managing a total of $1.5 billion in assets under management. This makes them a medium-sized firm, capable of providing individual attention to clients while also having the resources to handle larger portfolios.
According to publicly available data, the average account size at Asset Management Associates is $750,000. This suggests that the firm primarily serves high net worth individuals and families.
Assets Under Management, Number of Advisors, and Time in Business:
| Year Founded | Number of Advisors | Assets Under Management |
|---|---|---|
| 2005 | 10 | $1.5 billion |
Financial Services Offered
Asset Management Associates offers a comprehensive range of financial services to help clients create, grow, and protect their wealth. These services include:
- Asset management
- Financial planning
- Retirement planning
- Estate planning
The experienced advisors at Asset Management Associates are well-versed in various financial strategies and are equipped to handle complex financial situations.
Client Types
Asset Management Associates primarily serves high net worth individuals and families, as evidenced by the average account size of $750,000. However, the firm also works with small business owners, corporate executives, and retirees.
The firm’s advisors have experience in dealing with different client types and are able to customize their services to meet the specific needs and goals of each client.
Fees & Compensation
Asset Management Associates charges a fee based on a percentage of assets under management. This fee structure incentivizes the firm to grow clients’ assets and aligns their interests with those of their clients.
The exact fee percentage may vary based on the size and complexity of the client’s portfolio, but it typically ranges between 1% and 2%. The firm also has a minimum account size requirement of $500,000.
Background
Asset Management Associates was founded in 2005 by a team of experienced financial advisors who shared a common goal of providing personalized and trustworthy financial advice to clients. The firm has grown steadily over the years and has established a strong reputation for its expertise and exceptional client service.
The advisors at Asset Management Associates have various certifications, including Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), and Certified Investment Management Analyst (CIMA). This demonstrates their dedication to ongoing education and staying current with industry developments.
Financial Advisor Disclosures to Know
As a registered investment advisory firm, Asset Management Associates is regulated by the Securities and Exchange Commission (SEC). This means that the firm is legally required to disclose any potential conflicts of interest to clients.
One potential conflict of interest for the firm is that they may receive compensation from third-party providers for recommending their products or services to clients. This potential conflict is disclosed in the firm’s Form ADV, which can be found on the SEC’s website.
Additionally, individual advisors may have their own disclosures, such as outside business activities or personal investments, that clients should be aware of. It is important for clients to review this information and ask any questions they may have before entering into a professional relationship with a financial advisor.