Fortis Portfolio Solutions, LLC
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Overview
Fortis Portfolio Solutions, LLC is a financial advisor company located in Schaumburg, Illinois. It oversees $141.6 million in assets under management throughout 1,101 customer accounts, making it a mid-tier financial advisory firm in the nation by assets under management (AUM). The firm has a small team, including 1 financial advisor. Fortis Portfolio Solutions, LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as equities, options and bonds.
Fortis Portfolio Solutions, LLC administers all of the company's accounts in a discretionary manner. Discretionary management signifies that transaction decisions for the client's account are made by an investment advisor without requiring the customer's approval. The advisory firm supervises an average of $128,567 for each customer account. The average advisor at Fortis Portfolio Solutions, LLC administers about 1,101 client accounts.
The firm's central office is located at 1901 North Roselle Rd., Ste. 800, Schaumburg, Illinois 60195. The company is legally allowed to provide services to investors across a number of states, including California, Illinois, New Hampshire and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Fortis Portfolio Solutions, LLC by the Numbers
$141.6 million
2
1,101
$128.6 thousand
Fee Structure
Financial advisory fees largely are based on which services are provided. Fee types billed by the firm most likely include some combination of the following fee structures: asset-based, hourly or other. The firm does not supply 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
-
Offered by 21% of firms
Hourly
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
Fortis Portfolio Solutions, LLC works with retail investors and high net worth investors. Out of its 1,101 clients, Fortis Portfolio Solutions, LLC's biggest client type is high net worth investors, but it also serves 606 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person 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 accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 55.04%
- Other Individuals - 44.96%
- 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
Fortis Portfolio Solutions, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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