Abg Portfolio Strategies, Inc. (Bingham Farms)

Name: Abg Portfolio Strategies, Inc.
Address: 30100 Telegraph Rd, Bingham Farms, MI, 48025
Telephone: 248-540-5300

Abg Portfolio Strategies, Inc. is a large advisory firm based in Bingham Farms. It manages $127.25 million of regulatory assets for 72 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Michigan, Texas, and Wisconsin.

Abg Portfolio Strategies provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Abg Portfolio Strategies: assets under management

The assets under management (AUM) of Abg Portfolio Strategies, Inc. is $127.25 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -45% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $127.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.77 million each.

Investments

The firm invests in investment and business development companies the most. They account for 95% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Abg Portfolio Strategies, Inc. for their services and products based on a percentage of assets under management and fixed 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.

What kind of clients Lawrence Brian Raymond serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Lawrence Brian Raymond is pension and profit sharing plans with 12 clients and $121.73 million of assets under management. Among the 5 most similar advisory firms, Abg Portfolio Strategies has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $127.25 million for 72 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.

Abg Portfolio Strategies doesn't advise any private funds.

Careers at Abg Portfolio Strategies, Inc.

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There are 20 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.

Lawrence Brian Raymond has been acting as President since 1 Feb 1999. Brian Raymond has served as the Chief Investment Officer since 1 Jul 2015. James Michael Cullen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence Brian Raymond	President	1 Feb 1999	Other	812097
Carol Ann Tracey	Executive vice president, chief compliance officer	1 Feb 1999	Other	4365438
Alliance Benefit Group Of Michigan Inc.	Owner	1 Feb 1999	75% - 100%	38-2738460
Christopher Abe Karam	Vice president, secretary	1 Mar 2001	Other	3130298
Brian Raymond	Chief investment officer	1 Jul 2015	Other	5949167
James Michael Cullen	Chief compliance officer	1 Dec 2017	Other	5111669

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Alliance Benefit Group Of Michigan	Owner	1 Feb 1999	75% - 100%	38-2738460

Based in Bingham Farms

The principal office where Abg Portfolio Strategies, Inc. performs its advisory services is located at 30100 Telegraph Rd, Bingham Farms, MI 48025, 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 248-540-5300 or by fax 248-540-5318. The normal business hours are 8:30 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at abgpsinc.com.