Michels Family Financial, LLC
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Overview
Michels Family Financial, LLC operates as a financial advisor firm located in Fort Worth, Texas. Michels Family Financial, LLC manages $138.8 million in assets across 760 customer accounts, making it a mid-tier financial advisory firm in the nation by assets under management (AUM). It has a small team, including 1 financial advisor. Michels Family Financial, LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal investments like equities, bonds and options.
Michels Family Financial, LLC oversees all of its client assets in a discretionary manner. Discretionary management signifies that transaction choices are made by a portfolio manager without requiring the customer's consent. The company supervises roughly $182,626 in assets for every customer account. The average financial advisor at Michels Family Financial, LLC oversees about 760 client accounts.
The firm's main office is at 6000 Western Place, Suite 380, Fort Worth, Texas 76107. It is registered to serve customers across a number of states, including California and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Michels Family Financial, LLC by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$138.8 million
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
4
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
760
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$182.6 thousand
Products and Services
Michels Family Financial, LLC provides a variety of services, which can include financial planning services, pension consulting services and other services. In the past fiscal year, the firm provided 251-500 of its customers with financial planning services. Michels Family Financial, LLC does sell products or offer services different than investment advisory services to its clients.
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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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
Fees for financial management largely vary depending on which services the firm provides the client. However, fee types charged by Michels Family Financial, LLC may include any blend of the following fee types: asset-based or fixed. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It caters to retail investors and high net worth investors. Out of its 760 accounts, Michels Family Financial, LLC's biggest client group by number of accounts is retail investors, but it also serves 65 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 18.06%
- Other Individuals - 81.94%
- 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
Michels Family Financial, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Michels Family Financial, LLC
Fort Worth, TX
Fort Worth, TX
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