Consolidated Portfolio Review Corp

CRD#112694
Investment Advisor Firm

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Learn more about Consolidated Portfolio Review Corp

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

    • Overview

    Consolidated Portfolio Review Corp is a financial advisory firm based in Woodbury, New York. Consolidated Portfolio Review Corp manages $738.3 million in assets over 3,377 customer accounts, making it one of the bigger financial advisory firms in the United States by assets under management (AUM). The company has a small group, including 29 financial advisors. Consolidated Portfolio Review Corp does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets like options, bonds and equities.

    Consolidated Portfolio Review Corp manages the majority of the firm's accounts in a discretionary manner. Discretionary management signifies that a portfolio manager makes buy and sell choices for the client's account without requiring client permission. Consolidated Portfolio Review Corp also administers 41 non-discretionary accounts totaling $39.5 million in AUM. The company supervises about $218,620 in assets for every customer account. An average advisor at Consolidated Portfolio Review Corp manages around 116 client accounts.

    The company's main office is located at 125 Froehlich Farm Blvd., Woodbury, New York 11797. The company is registered to serve customers throughout 51 U.S. states and territories.

    Assets Under Management

    $738.3 million

    Number of Advisors

    29

    Disclosures

    No

    Office Location

    125 Froehlich Farm Blvd.
    Woodbury, NY 11797

    Consolidated Portfolio Review Corp by the Numbers

    Total Assets Under Management

    $738.3 million

    National Average: $8.6 billion
    Total Number of Employees

    33

    National Average: 64
    Total Number of Accounts

    3,377

    National Average: 375,227
    Average Account Size

    $218.6 thousand

    National Average: $23.0 thousand
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    Products and Services

    Consolidated Portfolio Review Corp offers a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the past fiscal year, it provided financial planning services to 11-25 of its customers. It does not sell products or offer services other than investment advice to its investment advisory accounts. The firm is affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency and pension consultant.

    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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      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 advisory services typically depend on which services the firm provides the client. However, fee types charged by Consolidated Portfolio Review Corp can include some combination of the following fee types: asset-based or hourly. The company does not provide 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.

    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 32% of firms that offer this fee type

      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.

    • 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 company caters to retail investors, high net worth investors and pension plans. Out of its 3,377 customers, Consolidated Portfolio Review Corp's biggest client is retail investors, though it also caters to 186 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 5.51%
    • Other Individuals - 93.28%
    • Corporations - 1.21%
    • 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

    Consolidated Portfolio Review Corp does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Consolidated Portfolio Review Corp

    Douglas Geraghty
    Woodbury, NY
    Robert Halbreiner
    Woodbury, NY
    Ivory Johnson
    Woodbury, NY
    Christopher Natale
    Woodbury, NY
    Michael Radakovich
    Portland, OR
    Polly Stoecklein
    Manhattan, KS
    William Fisher
    Danville, CA
    Matthew Rendell
    Woodbury, NY
    Daniel Antenor Jr
    Woodbury, NY

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