Foothills Asset Management LTD

CRD#108459
Investment Advisor Firm

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Overview

Foothills Asset Management LTD operates as a financial advisor firm headquartered in Scottsdale, Arizona. It oversees $171.5 million in total assets throughout 278 client accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). The firm has a small team of four employees, two of whom are financial advisors. Foothills Asset Management LTD is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets like stocks, bonds and options.

Foothills Asset Management LTD manages all of the company's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell judgments are made by a portfolio manager without needing to seek client consent. The investment advisory firm's average account size is $616,959. An average advisor at Foothills Asset Management LTD manages about 139 client accounts.

Foothills Asset Management LTD's central office is located at 8767 E. Via De Ventura, Scottsdale, Arizona 85258-3376. Foothills Asset Management LTD is legally permitted to provide services to customers throughout a few states, including Arizona, California and Wyoming.

Assets Under Management

$171.5 million

Number of Advisors

2

Fee Structure

Asset-based

Disclosures

No

Office Location

8767 E. Via De Ventura
Scottsdale, AZ 85258-3376

Foothills Asset Management LTD by the Numbers

Total Assets Under Management

$171.5 million

National Average: $3.3 billion
Total Number of Employees

4

National Average: 4,943
Total Number of Accounts

278

National Average: 2,522
Average Account Size

$617.0 thousand

National Average: $1.3 million

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Fee Structure

Fees for financial management largely depend on which service is provided. Fees billed by the company typically consist of the following fee structures: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The firm caters to retail investors, high net worth investors and pension plans. Out of its 278 clients, Foothills Asset Management LTD's biggest client type by number of accounts is retail investors, though it also manages money for 54 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 42.19%
  • Other Individuals - 54.69%
  • Corporations - 3.12%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Foothills Asset Management LTD does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA