Money Management Concepts Inc
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Overview
Money Management Concepts Inc operates as an advisory firm headquartered in Melbourne, Florida. Money Management Concepts Inc oversees $98.4 million in total assets throughout 298 customer accounts. It has a small team, including 2 financial advisors. Money Management Concepts Inc does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments such as bonds, options and equities.
Money Management Concepts Inc oversees all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell judgments without needing to seek the customer's authorization. The advisory firm administers roughly $330,336 in assets for each client account. The average advisor at Money Management Concepts Inc manages about 149 client accounts.
Money Management Concepts Inc's main office is located at 6767 N. Wickham Road, Melbourne, Florida 32940. The firm is allowed to serve investors across a number of states, including Florida and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Money Management Concepts Inc by the Numbers
$98.4 million
2
298
$330.3 thousand
Fee Structure
Financial management fees are based on which services the firm provides the client. Fees charged by Money Management Concepts Inc typically consist of the following fee type: asset-based. The firm does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with retail investors and high net worth investors. Out of its 298 accounts, Money Management Concepts Inc's largest client group by number of accounts is retail investors, but it also serves 29 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 its customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 30.21%
- Other Individuals - 69.79%
- Corporations - 0%
- 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
Money Management Concepts Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Money Management Concepts Inc
Melbourne, FL
Melbourne, FL
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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