Nantucket Multi Managers, LLC
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Overview
Nantucket Multi Managers, LLC operates as an advisory company located in Bloomfield Hills, Michigan. The firm handles $278.8 million in assets under management across three client accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). The firm has a small team, including 5 financial advisors. Nantucket Multi Managers, LLC is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as equities, options and bonds.
Nantucket Multi Managers, LLC manages all of the company's accounts on a discretionary basis. Discretionary management means that buy and sell judgments are made by a portfolio manager without needing client permission. The advisory firm's typical account size is $92.9 million. An average advisor at Nantucket Multi Managers, LLC oversees fewer than one client account, making it one of the most individualized advisor firms in the country.
The firm's headquarters is at 40950 Woodward- Ste 307, Bloomfield Hills, Michigan 48304. The firm is legally allowed to provide services to investors in the state of Michigan.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Nantucket Multi Managers, LLC by the Numbers
$278.8 million
6
3
$92.9 million
Products and Services
Nantucket Multi Managers, LLC provides a variety of financial services, which can include portfolio management for pooled investment vehicles, selection of other advisers and other services. However, the firm did not provide financial planning services to any of its clients in the previous financial year. It is not engaged in selling products or offering services apart from investment advisory services to its investment advisory customers.
Core Advisor Services
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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.
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Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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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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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.
Fee Structure
Financial advisory fees typically depend on which service is offered. However, fee types charged by the firm likely are comprised of the following fee structures: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 10% of firms
Other
Unavailable
Types of Clients
Nantucket Multi Managers, LLC caters to pooled investment vehicles. Out of its three clients, Nantucket Multi Managers, LLC's biggest client type by number of accounts is pooled investment vehicles. About 33% of the firm's customers reside abroad.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- 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
Nantucket Multi Managers, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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