Principal Street Partners, LLC

CRD#285485
Investment Advisor Firm

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Learn more about Principal Street Partners, LLC

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

    • Overview

    Principal Street Partners, LLC is located at 949 Shady Grove Rd South, Memphis, TN. The firm employs 5 financial advisors to manage client portfolios and provide financial guidance. Principal Street Partners, LLC is not a registered broker-dealer.

    Principal Street Partners, LLC oversees $2.9 billion in assets under management across 724 accounts, of which 557 are discretionary and 167 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and other services. The firm caters to high net worth investors, investment companies, pooled investment vehicles, and other investment advisers, with high net worth investors being the largest client type by accounts. The fee structure at Principal Street Partners, LLC includes asset-based, fixed, performance-based, and other fees. The firm has 110 high net worth clients.

    Principal Street Partners, LLC is registered in the states of California, Colorado, Connecticut, Florida, Georgia, Idaho, Louisiana, Massachusetts, New Hampshire, New Jersey, New York, Tennessee, and Texas.

    Assets Under Management

    $2.9 billion

    Number of Advisors

    5

    Disclosures

    No

    Office Location

    949 Shady Grove Rd South
    Memphis, TN 38120

    Principal Street Partners, LLC by the Numbers

    Total Assets Under Management

    $2.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    12

    National Average: 64
    Total Number of Accounts

    724

    National Average: 375,227
    Average Account Size

    $4.0 million

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees usually vary depending on which service is offered. Fees billed by Principal Street Partners, LLC can include some combination of the following fee types: asset-based, fixed, performance-based, or other.

    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 26% of firms

      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.

    • 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.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      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.

    • 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 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.

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    Types of Clients

    The company works with high net worth investors, investment companies, pooled investment vehicles, and other investment advisers. Out of its 4 clients, Principal Street Partners, LLC's largest client type by number of accounts is high net worth investors, although it also caters to 110 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor 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).

    • High-Net-Worth Individuals* - 95.65%
    • Other Individuals - 0%
    • Corporations - 4.35%
    • 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

    Principal Street Partners, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Principal Street Partners, LLC

    Morgan Sanders
    Memphis, TN
    Eric Sellinger
    Englewood, NJ
    Everett Price
    Memphis, TN
    Reed Walters
    Memphis, TN
    James West
    Memphis, TN
    David Weiner
    Englewood, NJ
    Christopher Prest
    Memphis, TN

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