Platform Partners LLC

CRD#286532
Investment Advisor Firm

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Learn more about Platform Partners LLC

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

    • Overview

    Platform Partners LLC operates as an advisory firm located in Houston, Texas. Platform Partners LLC manages $911.9 million in assets throughout two accounts, making it one of the bigger investment advisory firms in the country by assets under management (AUM). The company has a small team, including 13 financial advisors. Platform Partners LLC is not a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial investments such as options, stocks and bonds.

    Platform Partners LLC administers all of the firm's client assets in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make transaction judgments without needing to seek the client's approval. The investment advisory firm's typical account size is $456.0 million. An average financial advisor at Platform Partners LLC administers fewer than one client account, making it one of the most personalized firms in the country.

    The firm's central office is at 1717 West Loop South, Houston, Texas 77027. It is allowed to provide services to investors in the state of Texas.

    Assets Under Management

    $911.9 million

    Number of Advisors

    13

    Disclosures

    No

    Office Location

    1717 West Loop South
    Houston, TX 77027

    Platform Partners LLC by the Numbers

    Total Assets Under Management

    $911.9 million

    National Average: $8.6 billion
    Total Number of Employees

    17

    National Average: 64
    Total Number of Accounts

    2

    National Average: 375,227
    Average Account Size

    $456.0 million

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees vary depending on the services offered. However, fees billed by Platform Partners LLC can include some blend of the following fee structures: asset-based, performance-based or other. Platform Partners LLC does not supply a wrap fee program, in which the firm offers a bundle of services for a comprehensive 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 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 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.

    • 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.

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    Types of Clients

    Platform Partners LLC provides services to pooled investment vehicles. Out of its two clients, Platform Partners LLC's largest client type is pooled investment vehicles. None of its accounts are non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    Platform Partners LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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