Managed Asset Portfolios, LLC

CRD#109574
Investment Advisor Firm

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Learn more about Managed Asset Portfolios, LLC

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

    • Overview

    Managed Asset Portfolios, LLC is located at 950 W. University, Suite 100, Rochester, MI. The firm employs 5 financial advisors to manage client portfolios and provide financial guidance. Managed Asset Portfolios, LLC is not a registered broker-dealer.

    Managed Asset Portfolios, LLC oversees $1.1 billion in assets under management across 1,991 accounts, of which 1,668 are discretionary and 323 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, and other services. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, charitable organizations, state or municipal government entities, corporations, and other types of investors, with retail investors being the largest client type by accounts. The fee structure at Managed Asset Portfolios, LLC includes asset-based, fixed, and performance-based fees. The firm has 176 high net worth clients.

    Managed Asset Portfolios, LLC is registered in the states of Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Louisiana, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, Wisconsin, and Texas.

    Assets Under Management

    $1.1 billion

    Number of Advisors

    5

    Disclosures

    No

    Office Location

    950 W. University, Suite 100
    Rochester, MI 48307

    Managed Asset Portfolios, LLC by the Numbers

    Total Assets Under Management

    $1.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    21

    National Average: 64
    Total Number of Accounts

    1,991

    National Average: 375,227
    Average Account Size

    $545.7 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees largely are based on which services are offered. Fees charged by Managed Asset Portfolios, LLC can include any combination of the following fee structures: asset-based, fixed, or performance-based. The firm does participate in a wrap fee program, in which the firm 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 26% of firms

      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.

    • 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 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 works with a number of different investors. The firm provides services to retail investors, high net worth investors, investment companies, pooled investment vehicles, charitable organizations, state or municipal government entities, corporations, and other. Out of its 8 clients, Managed Asset Portfolios, LLC's largest client type by number of accounts is retail investors, though it also caters to 176 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor 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).

    • High-Net-Worth Individuals* - 10.61%
    • Other Individuals - 86.26%
    • Corporations - 2.35%
    • Charitable Organizations - 0.78%

    * 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

    Managed Asset Portfolios, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Managed Asset Portfolios, LLC

    Dennis Engel
    Rochester, MI
    Zachary Fellows
    Rochester, MI
    Chad Simon
    Rochester, MI
    Brian Newcombe
    Rochester, MI
    Karen Culver
    Rochester, MI
    Samuel Morley
    Rochester, MI
    Jeffrey Bonynge
    Rochester, MI
    Michael Rodzik
    Rochester, MI
    Robert Naber
    Phoenix, AZ

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