Financial Strategies Group, Inc (Okemos)

Name: Financial Strategies Group, Inc
Address: 2270 Jolly Oak Road., Suite 2, Okemos, MI, 48864
Telephone: (517) 347-4337

Financial Strategies Group, Inc is a large advisory firm based in Okemos. It manages $207.44 million of regulatory assets for 1,835 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Illinois, Michigan, and Texas.

Financial Strategies Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Strategies Group: assets under management

The assets under management (AUM) of Financial Strategies Group, Inc is $207.44 million. The firm's AUM has grown by 86% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $201.02 million in discretionary accounts and $6.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $109.97 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $917.92 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 42% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Strategies Group, Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Financial Strategies Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Financial Strategies Group is individuals with 835 clients and $140.22 million of assets under management. Among the 9 most similar advisory firms, Financial Strategies Group has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $205.52 million for 877 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.

Financial Strategies Group doesn't advise any private funds.

Careers at Financial Strategies Group, Inc

The company employs 16 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 7 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brandon Ellis Carter	President & chief compliance officer	1 Aug 2017	50% - 75%	5192849
Brice Patrick Carter	Vice president & chief investment officer	1 Aug 2017	50% - 75%	5947902

Based in Okemos

The principal office where Financial Strategies Group, Inc performs its advisory services is located at 2270 Jolly Oak Road., Suite 2, Okemos, MI 48864, which is also the mailing address of the firm. An additional office of the firm is in Flint, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (517) 347-4337. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at fsgmichigan.com and its LinkedIn profile.