Old Mission Investment Company, LLC
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Overview
Old Mission Investment Company, LLC is a financial advisor firm that has its headquarters in Traverse City, Michigan. The firm administers $602.2 million in assets under management across 1,678 customer accounts, placing it among the larger firms in the country by assets under management (AUM). The company has a small team, including 6 financial advisors. Old Mission Investment Company, LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are exchangable financial assets such as stocks, bonds and options.
Old Mission Investment Company, LLC oversees the majority of the company's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor makes transaction choices for the client's account without needing client approval. The firm also manages 207 non-discretionary accounts totaling $188.4 million in AUM. The advisory firm manages an average of $358,897 in assets for every client account. The typical advisor at Old Mission Investment Company, LLC oversees about 280 client accounts.
The company's headquarters is located at 880 Munson Avenue, Traverse City, Michigan 49686. The firm is legally registered to serve clients across 9 states, including California, Colorado, Florida, Illinois, Indiana, Michigan, Nebraska, North Carolina and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Old Mission Investment Company, LLC by the Numbers
$602.2 million
10
1,678
$358.9 thousand
Products and Services
Old Mission Investment Company, LLC offers a number of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, publication of newsletters and other services. In the past financial year, Old Mission Investment Company, LLC provided financial planning services to 11-25 of its customers. The firm is not engaged in selling products or offering services apart from investment advice to its investment advisory accounts. The company also has a number of financial industry affiliations, including with a trust company.
Core Advisor Services
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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.
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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.
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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
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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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Offered by 3% of firms
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 management fees usually are based on which service is offered. Fee types billed by the company most likely include some blend of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Old Mission Investment Company, LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
It provides services to retail investors, high net worth investors, charitable organizations and insurance companies. Out of its 1,678 customers, Old Mission Investment Company, LLC's largest client type by number of accounts is retail investors, although it also serves 49 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's clients are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 5.57%
- Other Individuals - 94.09%
- Corporations - 0.11%
- Charitable Organizations - 0.23%
* 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
Old Mission Investment Company, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Old Mission Investment Company, LLC
Traverse City, MI
Traverse City, MI
Traverse City, MI
Traverse City, MI
Traverse City, MI
Traverse City, MI
Traverse City, MI
Traverse City, MI
Traverse City, MI
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