Portfolio Management, LLC

CRD#107129
Investment Advisor Firm

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Overview

Portfolio Management, LLC operates as an advisory firm located in Sugar Land, Texas. The firm administers $137.5 million in total assets over 328 customer accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). Portfolio Management, LLC has a small group of three employees, of which two are financial advisors. Portfolio Management, LLC is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as bonds, options and equities.

Portfolio Management, LLC manages all of the company's accounts on a discretionary basis. Discretionary management signifies that buy and sell choices for the client's account are made by a portfolio manager without requiring client permission. Portfolio Management, LLC's average account size is $419,168. The average financial advisor at Portfolio Management, LLC oversees about 164 client accounts.

The company's headquarters is at 4610 Sweetwater Blvd., Sugar Land, Texas 77479.

Assets Under Management

$137.5 million

Number of Advisors

2

Disclosures

No

Office Location

4610 Sweetwater Blvd.
Sugar Land, TX 77479

Portfolio Management, LLC by the Numbers

Total Assets Under Management

$137.5 million

National Average: $3.7 billion
Total Number of Employees

3

National Average: 29
Total Number of Accounts

328

National Average: 2,073
Average Account Size

$419.2 thousand

National Average: $1.8 million

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Fee Structure

Fees charged by financial advisors are based on the type of services provided. Fee types billed by the company typically consist of the following fee structures: asset-based. Portfolio Management, LLC does not participate in a wrap fee program, in which the firm offers a bundle of services for a single fee.

Available

  • Offered by 74% 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.

Unavailable

  • Find one of the 35% 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 2% 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 17% 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 1% 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 40% 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.

  • Find one of the 12% 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 works with retail investors and high net worth investors. Out of its 328 clients, Portfolio Management, LLC's biggest client group is retail investors, although it also manages money for 45 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers reside abroad.

  • High-Net-Worth Individuals* - 38.79%
  • Other Individuals - 61.21%
  • 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 Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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The content in this profile was updated on 08/06/2020, using data compiled from the SEC and FINRA.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.