Personal Asset Strategies, Inc
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Overview
Personal Asset Strategies, Inc is a financial advisory firm located in Westbury, New York. The firm has $36.7 million in assets under management over 130 accounts. The company has a small team, including 2 financial advisors. Personal Asset Strategies, Inc is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable financial assets like stocks, bonds and options.
Personal Asset Strategies, Inc administers all of the firm's client assets in a discretionary manner. Discretionary management signifies that transaction decisions are made by a portfolio manager without requiring the customer's authorization. The investment advisory firm's average account size is $282,059. The typical advisor at Personal Asset Strategies, Inc administers around 65 client accounts, making it about average in terms of personalization.
The company's headquarters is located at 1600 Stewart Avenue, Westbury, New York 11590. The company is legally registered to serve customers across a few states, including Florida and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Personal Asset Strategies, Inc by the Numbers
$36.7 million
5
130
$282.1 thousand
Products and Services
Services that Personal Asset Strategies, Inc provides can include financial planning services and portfolio management for individuals and small businesses. In the prior fiscal year, it provided financial planning services to 26-50 of its customers. The firm does not sell products or offer services aside from investment advice to its investment advisory clients. The firm is affiliated with one or more other companies in the financial services industry, including with a lawyer or law firm.
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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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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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 management fees usually depend on which services the firm provides the client. Fee types billed by the firm most likely consist of the following fee structures: asset-based, hourly, fixed or performance-based. The firm does not supply a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
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 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Personal Asset Strategies, Inc caters to retail investors, high net worth investors and other. Out of its 130 accounts, Personal Asset Strategies, Inc's biggest client type by number of accounts is retail investors, but it also serves 24 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 is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 40.68%
- Other Individuals - 57.63%
- Corporations - 1.69%
- 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
Personal Asset Strategies, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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