The Portfolio Strategy Group, LLC (White Plains)

Name: The Portfolio Strategy Group, LLC
Address: 81 Main Street, White Plains, NY, 10601
Telephone: 914-328-6660

The Portfolio Strategy Group, LLC is a large advisory firm based in White Plains. It manages $1.57 billion of regulatory assets for 322 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

The Portfolio Strategy Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Portfolio Strategy Group: assets under management

The assets under management (AUM) of The Portfolio Strategy Group, LLC is $1.57 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 55% since the beginning of its operation, and $13.09 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.57 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.86 million each.

The Portfolio Strategy Group has custody of $78.65 million in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Portfolio Strategy Group, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Portfolio Strategy Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of The Portfolio Strategy Group is high net worth individuals with 196 clients and $1.22 billion of assets under management. Among the 12 most similar advisory firms, The Portfolio Strategy Group has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.57 billion for 322 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

The Portfolio Strategy Group also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at The Portfolio Strategy Group, LLC

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Alan Yoken	Managing member & managing director	1 Dec 2012	Other	1907159
Edward Laurence Scharf	Managing director	1 Dec 2012	Other	2362569
Lawrence David Bartimer	Managing director	1 Dec 2012	Other	1320519
Peter Scott Yorkes	Managing director	1 Dec 2012	Other	1459661
Thomas Michael Zottner	Managing director	1 Dec 2012	Other	4007746
Llc Focus Operating	Member (controlling)	1 Dec 2012	75% - 100%	20-8161914
Focus Financial Partners Llc	Managing member	1 Dec 2012	75% - 100%	16-1728260
Atiya Leary	Cco	1 Jan 2014	Other	6297491
Atiya Shawnta Leary	Cco	1 Jan 2014	Other	6297491

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3568448
L.P. Summit Ventures Vi A	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
Lp Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
Lp Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
Lp Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
Lp Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in White Plains

The principal office where The Portfolio Strategy Group, LLC performs its advisory services is located at 81 Main Street, White Plains, NY 10601, 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 914-328-6660 or by fax 914-328-6670. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at portfoliostrategygroup.com and its LinkedIn profile.