Perspective Financial Services LLC (Phoenix)

Name: Perspective Financial Services LLC
Address: 1440 E. Missouri Avenue, Phoenix, AZ, 85014
Telephone: 602-281-4357

Perspective Financial Services LLC is a large advisory firm based in Phoenix. It manages $144.39 million of regulatory assets for 702 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Colorado, Texas, and Washington.

Perspective Financial Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and publication of newsletters. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Perspective Financial Services: assets under management

The assets under management (AUM) of Perspective Financial Services LLC is $144.39 million. The firm's AUM has grown by 253% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.53 million in discretionary accounts and $2.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $204.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $286.46 thousand.

Perspective Financial Services has custody of $15.79 million in cash and securities for 41 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 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Perspective Financial Services LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Perspective Financial Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Perspective Financial Services is high net worth individuals with 39 clients and $90.03 million of assets under management. Among the 13 most similar advisory firms, Perspective Financial Services has the 7th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $144.39 million for 231 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.

Perspective Financial Services doesn't advise any private funds.

Careers at Perspective Financial Services LLC

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 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
Michael Patrick Mccann	Managing member/chief compliance officer	1 Jul 2003	75% - 100%	2153183

Based in Phoenix

The principal office where Perspective Financial Services LLC performs its advisory services is located at 1440 E. Missouri Avenue, Phoenix, AZ 85014, 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 602-281-4357 or by fax 602-626-8495. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at moneyaz.com/.