Palisades Hudson Asset Management, L.P

CRD#109134
Investment Advisor Firm

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Learn more about Palisades Hudson Asset Management, L.P

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Palisades Hudson Asset Management, L.P is located at 200 SW First Avenue, Fort Lauderdale, FL. The firm employs 18 financial advisors to manage client portfolios and provide financial guidance. Palisades Hudson Asset Management, L.P is not a registered broker-dealer.

    Palisades Hudson Asset Management, L.P oversees $1.5 billion in assets under management across 176 accounts, of which 151 are discretionary and 25 are non-discretionary. Over the past year, the firm has provided financial planning services to between 101 and 250 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and pension consulting services. The firm caters to retail investors, high net worth investors, pooled investment vehicles, and corporations, with high net worth investors being the largest client type by accounts. The fee structure at Palisades Hudson Asset Management, L.P includes asset-based and fixed fees. The firm has 85 high net worth clients and maintains affiliations with an accountant or accounting firm.

    Palisades Hudson Asset Management, L.P is registered in the states of Connecticut, Florida, Georgia, New Hampshire, New Jersey, New York, Oregon, South Carolina, Texas, and Vermont.

    Assets Under Management

    $1.5 billion

    Number of Advisors

    18

    Disclosures

    No

    Office Location

    200 Sw First Avenue
    Fort Lauderdale, FL 33301

    Palisades Hudson Asset Management, L.P by the Numbers

    Total Assets Under Management

    $1.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    18

    National Average: 64
    Total Number of Accounts

    176

    National Average: 375,227
    Average Account Size

    $8.5 million

    National Average: $23.0 thousand
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    Products and Services

    Palisades Hudson Asset Management, L.P offers a variety of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and pension consulting services. In the past financial year, Palisades Hudson Asset Management, L.P provided financial planning services to 101-250 of its clients. It is engaged in selling products or offering services aside from investment advice to its clients.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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    Fee Structure

    Fees charged by financial advisors usually vary depending on the type of financial services offered. Fees charged by Palisades Hudson Asset Management, L.P can include some blend of the following fee structures: asset-based or fixed.

    Available

    • Offered by 69% 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.

    • Offered by 32% of firms

      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.

    Unavailable

    • Find one of the 21% 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 1% 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 26% 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 0% 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 10% 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, pooled investment vehicles, and corporations. Out of its 4 clients, Palisades Hudson Asset Management, L.P's biggest client group by number of accounts is high net worth investors, although it also manages money for 85 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 53.8%
    • Other Individuals - 37.34%
    • Corporations - 8.86%
    • 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

    Palisades Hudson Asset Management, L.P does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Palisades Hudson Asset Management, L.P

    Melinda Kibler
    Fort Lauderdale, FL
    Benjamin Sullivan
    Austin, TX
    Rekeithen Miller
    Atlanta, GA
    Eric Meermann
    Stamford, CT
    David Walters
    Beaverton, OR
    Paul Jacobs
    Atlanta, GA
    Shomari Hearn
    Fort Lauderdale, FL
    Larry Elkin
    Fort Lauderdale, FL

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