Isto Advisors, LLC (Troy)

Name: Isto Advisors, LLC
Address: 2150 Butterfield Drive, Troy, MI, 48084
Telephone: 248-458-1100

Isto Advisors, LLC is a large advisory firm based in Troy. It manages $344.31 million of regulatory assets for 1,575 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Illinois, and 3 other states.

Isto Advisors 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 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Isto Advisors: assets under management

The assets under management (AUM) of Isto Advisors, LLC is $344.31 million. The firm's AUM has grown by 38% since the beginning of its operation, and $2.45 million of the total AUM is attributable to clients outside of the United States.

The firm manages $328.63 million in discretionary accounts and $15.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $218.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $220.85 thousand.

Isto Advisors has custody of $46.28 million in cash and securities for 130 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 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Isto Advisors, 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 Isto Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Isto Advisors is high net worth individuals with 130 clients and $275.58 million of assets under management. Among the 11 most similar advisory firms, Isto Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $337.37 million for 269 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Isto Advisors doesn't advise any private funds.

Careers at Isto Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 50 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
Inc Fisher Financial Partners	Managing member	1 Sep 2016	50% - 75%	20-1409693
Llc Flipside Consulting	Managing member	1 Sep 2016	50% - 75%	46-4742505
Christopher Arthur Fisher	Chief compliance officer	1 Sep 2016	Other	2536338

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Arthur Fisher	Owner	1 Jul 2004	75% - 100%	2536338
Paul Edmund Housey	Owner	1 Jul 2012	75% - 100%	3032339

Based in Troy

The principal office where Isto Advisors, LLC performs its advisory services is located at 2150 Butterfield Drive, Troy, MI 48084, which is also the mailing address of the firm. An additional office of the firm is in Lake Forest, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-458-1100 or by fax 248-458-6700. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at istoadvisors.com.