Fusion Investment Group, LLC is a large advisory firm based in Canonsburg. It manages $91.87 million of regulatory assets for 73 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Colorado, Florida, and 5 other states.
Fusion Investment Group 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 Fusion Investment Group, LLC is $91.87 million. The firm's AUM has grown by 735% 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 Fusion Investment Group, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals and state or municipal government entities. The largest group of clients of Richard Scott Umstead is state or municipal government entities with 13 clients and $51.66 million of assets under management. Among the 9 most similar advisory firms, Fusion Investment Group has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $62.9 million for 38 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.
Fusion Investment Group also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 2 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.
Richard Scott Umstead has been acting as President since 1 Aug 2010. Rayliant Global Advisers Ltd. joined the executive team most recently as the Owner.
The principal office where Fusion Investment Group, LLC performs its advisory services is located at 1900 Main Street, Canonsburg, PA 15317, 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 4123253970 or by fax 866-728-1798. The normal business hours are 9 am-5 pm on Monday - Friday. You can find more information about the New York firm at fusioninv.com.