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 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 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. 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 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.
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.
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.