Portfolio123 Securities LLC is an internet adviser based in Chicago. It manages $1.03 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Illinois.
Portfolio123 Securities provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Portfolio123 Securities LLC is $1.03 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 455% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Portfolio123 Securities LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Portfolio123 Securities is individuals with 1 clients and $1.03 million of assets under management. Among the 3 most similar advisory firms, Portfolio123 Securities has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.03 million for 1 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Portfolio123 Securities doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Portfolio123 Securities LLC performs its advisory services is located at 401 S. Lasalle Street, Chicago, IL 60605, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-586-1110. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at portfolio123.com.