New Perspectives, Inc. (Ridgeland)

Name: New Perspectives, Inc.
Address: 303 Highland Park Cove, Ridgeland, MS, 39157
Telephone: 601-991-3158

New Perspectives, Inc. is a large advisory firm based in Ridgeland. It manages $118 million of regulatory assets for 710 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Louisiana and Mississippi.

New Perspectives provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

New Perspectives: assets under management

The assets under management (AUM) of New Perspectives, Inc. is $118 million. The firm's AUM has grown by 337% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $115 million in discretionary accounts and $3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $181.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $40 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is other assets, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of New Perspectives is high net worth individuals with 73 clients and $66 million of assets under management. Among the 10 most similar advisory firms, New Perspectives has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $118 million for 230 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.

New Perspectives doesn't advise any private funds.

Careers at New Perspectives, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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
Nancy Lottridge Anderson	President - chief compliance officer	1 Nov 1993	75% - 100%	2106600
Joshua Ryder Taff	Shareholder	1 Jan 2016	Other	6009566

Based in Ridgeland

The principal office where New Perspectives, Inc. performs its advisory services is located at 303 Highland Park Cove, Ridgeland, MS 39157 The mailing address of the firm is Po Box 489, Tougaloo, MS 39174. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 601-991-3158 or by fax 601-991-3168. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at newper.com.