Straightline Group, LLC (Troy)

Straightline Group, LLC is a large advisory firm based in Troy. It manages $922.48 million of regulatory assets for 5,750 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Colorado, and 25 other states.

Straightline Group provides financial planning services, portfolio management for individuals and small businesses, educational seminars and workshops, and consultations. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Straightline Group: assets under management

The assets under management (AUM) of Straightline Group, LLC is $922.48 million. The firm's AUM has grown by 184% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $854.25 million in discretionary accounts and $68.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $160.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $165.21 thousand.

Straightline Group has custody of $700.46 million in cash and securities for 2,148 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in non-exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Straightline Group, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Steven Fisher Mosshart serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Steven Fisher Mosshart is high net worth individuals with 530 clients and $545.74 million of assets under management. Among the 11 most similar advisory firms, Straightline Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $922.48 million for 2,820 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.

Straightline Group doesn't advise any private funds.

Careers at Straightline Group, LLC

The company employs 12 people that are either part- or full-time employees. 58 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.

Straightline Group, LLC is owned by Lisa M. Eschbach. Steven Fisher Mosshart has been acting as President since 1 Feb 2006. Doris Catherine Karras joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Based in Troy

The principal office where Straightline Group, LLC performs its advisory services is located at 165 Kirts Blvd., Troy, MI 48084, which is also the mailing address of the firm. An additional office of the firm is in Findlay, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-269-8366 or by fax 248-269-8390. The normal business hours are 8am-6pm on Monday - Friday. You can find more information about the New York firm at straightline.com.

Registered investment advisers similar to Straightline Group, LLC

• Delta Asset Management
• Kawa Capital Management
• Crow Point Partners
• Triad Advisors
• Highclere International Investors Limited
• Cambria Investment Management
• Huntsman Gay Global Capital
• Muller & Monroe Asset Management
• Maple Capital Management
• Independence Advisors
• Walthausen & Co.
• Bt Wealth Management
• Howland Capital Management
• Opus Capital Management
• 1 Sharpe Capital