Planpilot
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Overview
Planpilot operates as a financial advisor company headquartered in Chicago, Illinois. The company manages $2.1 billion in assets under management across 42 customer accounts, placing it among the biggest financial advisory firms in the country by assets under management (AUM). The firm has a small group, including 9 financial advisors. Planpilot is not a registered broker-dealer, meaning the firm 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 company to do so. Securities are tradable fiscal investments such as stocks, options and bonds.
Planpilot oversees all of the company's accounts on a discretionary basis. Discretionary management means that transaction decisions are made by a portfolio manager without requiring the customer's consent. Planpilot administers about $49.2 million in assets for every customer account. The typical advisor at Planpilot administers around five client accounts, making it one of the most personalized advisor firms in the country.
The firm's central office is located at 223 West Jackson, Chicago, Illinois 60606. The company is allowed to provide services to investors throughout 10 states, including Illinois, Indiana, Iowa, Kentucky, Massachusetts, Michigan, Minnesota, Ohio, Pennsylvania and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Planpilot by the Numbers
$2.1 billion
9
42
$49.2 million
Fee Structure
Financial management fees typically are based on which services are offered. However, fee types billed by Planpilot likely consist of any combination of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Planpilot.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 21% of firms
Hourly
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm caters to pension plans. Out of its 42 accounts, Planpilot's largest client group by number of accounts is pension plans. None of its accounts are represented by 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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Financial Advisors at Planpilot
Chicago, IL
Chicago, IL
Chicago, IL
Chicago, IL
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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