Portfolio Medics, LLC

CRD#145958
Investment Advisor Firm

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Overview

Portfolio Medics, LLC is an advisory company headquartered in Bonita Springs, Florida. The company handles $383.0 million in assets under management throughout 2,167 customer accounts, placing it among the larger investment advisory firms in the country by assets under management (AUM). It has an average-sized team, including 75 financial advisors. Portfolio Medics, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are tradable financial investments such as options, bonds and equities.

Portfolio Medics, LLC oversees the majority of the firm's client assets in a discretionary manner. Discretionary management means that transaction decisions for the client's account are made by an investment advisor without requiring the client's consent. It also has 120 non-discretionary accounts totaling $9.0 million in assets. The firm's average account size is $176,760. The typical advisor at Portfolio Medics, LLC manages about 29 client accounts, making it about average in terms of personalization.

The firm's headquarters is located at 27499 Riverview Center Blvd, Bonita Springs, Florida 34134. The firm is permitted to provide services to customers throughout 37 U.S. states and territories.

Assets Under Management

$383.0 million

Number of Advisors

75

Disclosures

No

Office Location

27499 Riverview Center Blvd
Bonita Springs, FL 34134

Portfolio Medics, LLC by the Numbers

Total Assets Under Management

$383.0 million

National Average: $8.6 billion
Total Number of Employees

75

National Average: 64
Total Number of Accounts

2,167

National Average: 375,227
Average Account Size

$176.8 thousand

National Average: $23.0 thousand
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Products and Services

Portfolio Medics, LLC offers a variety of services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the past financial year, the firm provided 1-10 of its customers with financial planning services. It is not involved in selling products or offering services aside from investment advice to its investment advisory clients. Portfolio Medics, LLC also has a number of financial industry affiliations, including with an insurance company or agency.

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

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial advice typically vary depending on the type of services offered. However, fee types charged by Portfolio Medics, LLC most likely include the following fee types: asset-based, hourly or fixed. Portfolio Medics, LLC does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.

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 21% of firms

    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.

  • 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 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 provides services to retail investors and high net worth investors. Out of its 2,167 clients, Portfolio Medics, LLC's largest client group by number of accounts is retail investors, although it also manages money for 20 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 0.92%
  • Other Individuals - 99.08%
  • 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

Portfolio Medics, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Portfolio Medics, LLC

Min Kiang
Bonita Springs, FL
Robert Cagle
White Pine, TN
Cory Semel
Reno, NV
Reed Mells
Bonita Springs, FL
Steven Gibson
Lakewood, CO
Joseph Pasquinelli
Sacramento, CA
John Neff
Fernandina Beach, FL
Henry Angelucci
Hamilton, NJ
Enri Santee
Chula Vista, CA

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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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