Usa Financial Portformulas Corporation (Ada)

Name: Usa Financial Portformulas Corporation
Address: 6020 East Fulton Street, Ada, MI, 49301
Telephone: (800)869-5994

Usa Financial Portformulas Corporation is a large advisory firm based in Ada. It manages $346.25 million of regulatory assets for 3,410 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Usa Financial Portformulas Corporation provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It prepares financial plans for approximately 4,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Usa Financial Portformulas Corporation: assets under management

The assets under management (AUM) of Usa Financial Portformulas Corporation is $346.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 98% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $346.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $101.54 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is investment and business development companies, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Usa Financial Portformulas Corporation for their services and products based on a percentage of assets under management. 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.

What kind of clients Brent David Enders serves?

The firm provides services to individuals and corporations or other businesses. The largest group of clients of Brent David Enders is individuals with 3,410 clients and $344.46 million of assets under management. Among the 9 most similar advisory firms, Usa Financial Portformulas Corporation has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $346.25 million for 3,422 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.

Usa Financial Portformulas Corporation doesn't advise any private funds.

Careers at Usa Financial Portformulas Corporation

The company employs 35 people that are either part- or full-time employees. 11 percent of the employees work as investment advisers or researchers. 35 employees are registered as investment adviser representatives with the state securities authorities.

There are 188 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.

Brent David Enders has been acting as President since 1 Feb 2006. Matthew H Eilers joined the executive team most recently as the Chief Business Development Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brent David Enders	President/manager	1 Feb 2006	Other	2858719
Andrea Denise Stewart Mcgrew	Chief compliance officer/manager	1 Dec 2006	Other	4896632
William Clayton Bachert	Chief financial officer / manager	1 Apr 2007	Other	4576698
Usa Financial Corporation	Direct owner	1 Jan 2010	75% - 100%	27-1480535
Wealthnetic Corporation	Direct owner	1 Jan 2010	75% - 100%	27-1480535
Matthew Lee Mcgrew	Chief operations officer/manager	1 Apr 2010	Other	5300326
Mark Robert Mersman	Chief marketing officer	1 Jun 2014	Other	4702400
Justin Wade Long	Chief sales officer	1 Jun 2014	Other	4024146
Matthew H Eilers	Chief business development officer	1 Nov 2018	Other	5514093

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael David Walters	Trustee	1 Jan 2006	25% - 50%	2580592
Brent David Enders	Trustee	1 Jan 2006	25% - 50%	2858719
Gary Glen Walters	Trustee	1 Jan 2006	25% - 50%	4135245
Michael D. Walters Trust	Direct owner	1 Jan 2010	25% - 50%	38-5866878
Brent D. Enders Trust	Direct owner	1 Jan 2010	Other	37-0680668

Based in Ada

The principal office where Usa Financial Portformulas Corporation performs its advisory services is located at 6020 East Fulton Street, Ada, MI 49301, 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 (800)869-5994 or by fax (888)869-9411. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at portformulas.com.