Personal Business Management Group Ltd (Stamford)

Name: Personal Business Management Group Ltd
Address: 1911 Summer St, Stamford, CT, 06905
Telephone: 203-357-1046

Personal Business Management Group Ltd is a large advisory firm based in Stamford. It manages $107.9 million of regulatory assets for 95 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut and New York.

Personal Business Management Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Personal Business Management Group: assets under management

The assets under management (AUM) of Personal Business Management Group Ltd is $107.9 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -2% since the beginning of its operation, and $3.01 million of the total AUM is attributable to clients outside of the United States.

The firm manages $107.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.14 million each.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Personal Business Management Group Ltd 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 Carl Friedman serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Carl Friedman is high net worth individuals with 44 clients and $94.96 million of assets under management. Among the 7 most similar advisory firms, Personal Business Management Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $107.9 million for 95 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Personal Business Management Group doesn't advise any private funds.

Careers at Personal Business Management Group Ltd

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No 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.

Carl Friedman has been acting as President since 1 Apr 1981. James Andrew Friedman joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carl Friedman	Chairman/chief compliance officer	1 Apr 1981	50% - 75%	4343277
James Andrew Friedman	President	1 Mar 2005	50% - 75%	2165032

Based in Stamford

The principal office where Personal Business Management Group Ltd performs its advisory services is located at 1911 Summer St, Stamford, CT 06905, 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 203-357-1046 or by fax 203-964-1173. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at pbmgltd.com.