Successful Portfolios LLC (Clearwater)

Name: Successful Portfolios LLC
Address: 611 Druid Road East, Clearwater, FL, 33756
Telephone: 727-744-3614

Successful Portfolios LLC is a large advisory firm based in Clearwater. It manages $197.27 million of regulatory assets for 738 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Florida.

Successful Portfolios provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Successful Portfolios: assets under management

The assets under management (AUM) of Successful Portfolios LLC is $197.27 million. The firm's AUM has grown by 396% since the beginning of its operation, and $12.47 million of the total AUM is attributable to clients outside of the United States.

The firm manages $170.73 million in discretionary accounts and $26.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $541.66 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Successful Portfolios LLC for their services and products based on a percentage of assets under management, hourly charges, 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 John Paul Barrett serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of John Paul Barrett is individuals with 254 clients and $121.85 million of assets under management. Among the 9 most similar advisory firms, Successful Portfolios has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $186.34 million for 264 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Successful Portfolios also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $10,000 for each fund.

Careers at Successful Portfolios LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives 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.

John Paul Barrett has been acting as President since 1 Dec 2009. David Lloyd Bennett joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Paul Barrett	Chairman	1 Dec 2009	50% - 75%	5745699
Harley Parker Evans	Managing member, president, chief compliance officer	1 Jan 2010	50% - 75%	722995
John Paul Barrett	Member, founder	1 Feb 2010	50% - 75%	5745699
Joseph Charles Baer	Assistant portfolio manager	1 Jan 2013	Other	5866418
David Lloyd Bennett	Vice president	1 Feb 2016	25% - 50%	4761782
Joseph Charles Baer	Managing member, chief operating officer	1 Mar 2016	Other	5866418
David Lloyd Bennett	Vice president	1 Oct 2017	25% - 50%	4761782

Based in Clearwater

The principal office where Successful Portfolios LLC performs its advisory services is located at 611 Druid Road East, Clearwater, FL 33756, 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 727-744-3614 or by fax 727-483-7455. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at successfulportfolios.com/ and its LinkedIn profile.