Portfolio Medics, LLC

CRD#145958
Investment Advisor Firm

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Learn more about Portfolio Medics, LLC

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

    • Overview

    Portfolio Medics, LLC is an advisory company headquartered in Bonita Springs, Florida. The company handles $383.0 million in assets under management throughout 2,167 customer accounts, placing it among the larger investment advisory firms in the country by assets under management (AUM). It has an average-sized team, including 75 financial advisors. Portfolio Medics, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are tradable financial investments such as options, bonds and equities.

    Portfolio Medics, LLC oversees the majority of the firm's client assets in a discretionary manner. Discretionary management means that transaction decisions for the client's account are made by an investment advisor without requiring the client's consent. It also has 120 non-discretionary accounts totaling $9.0 million in assets. The firm's average account size is $176,760. The typical advisor at Portfolio Medics, LLC manages about 29 client accounts, making it about average in terms of personalization.

    The firm's headquarters is located at 27499 Riverview Center Blvd, Bonita Springs, Florida 34134. The firm is permitted to provide services to customers throughout 37 U.S. states and territories.

    Assets Under Management

    $383.0 million

    Number of Advisors

    75

    Disclosures

    No

    Office Location

    27499 Riverview Center Blvd
    Bonita Springs, FL 34134

    Portfolio Medics, LLC by the Numbers

    Total Assets Under Management

    $383.0 million

    National Average: $8.6 billion
    Total Number of Employees

    75

    National Average: 64
    Total Number of Accounts

    2,167

    National Average: 375,227
    Average Account Size

    $176.8 thousand

    National Average: $23.0 thousand
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    Products and Services

    Portfolio Medics, LLC offers a variety of services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the past financial year, the firm provided 1-10 of its customers with financial planning services. It is not involved in selling products or offering services aside from investment advice to its investment advisory clients. Portfolio Medics, LLC also has a number of financial industry affiliations, including with an insurance company or agency.

    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.

    • Find a firm that offers this service

      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 advice typically vary depending on the type of services offered. However, fee types charged by Portfolio Medics, LLC most likely include the following fee types: asset-based, hourly or fixed. Portfolio Medics, LLC does not participate in 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.

    • 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 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 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 provides services to retail investors and high net worth investors. Out of its 2,167 clients, Portfolio Medics, LLC's largest client group by number of accounts is retail investors, although it also manages money for 20 high-net-worth individuals. The SEC defines a high-net-worth individual as someone 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). None of its clients are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 0.92%
    • Other Individuals - 99.08%
    • Corporations - 0%
    • 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

    Portfolio Medics, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Portfolio Medics, LLC

    Cory Semel
    Reno, NV
    Min Kiang
    Bonita Springs, FL
    Robert Cagle
    White Pine, TN
    David Wagner
    Claremont, FL
    Jeffrey Tamas
    Port Charlotte, FL
    Nicholas Macdonald
    Hopkins, MN
    Joseph Pasquinelli
    Sacramento, CA
    John Neff
    Fernandina Beach, FL
    Paul Tarins
    Winter Park, FL

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