Sweeney & Michel, LLC (Chico)

Name: Sweeney & Michel, LLC
Address: 196 Cohasset Road, Chico, CA, 95926
Telephone: (530) 487-1777

Sweeney & Michel, LLC is a large advisory firm based in Chico. It manages $306.86 million of regulatory assets for 810 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, and Texas.

Sweeney & Michel provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sweeney & Michel: assets under management

The assets under management (AUM) of Sweeney & Michel, LLC is $306.86 million. The firm's AUM has grown by 183% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $274.02 million in discretionary accounts and $32.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $340.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.57 million.

Sweeney & Michel has custody of $53.43 million in cash and securities for 35 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 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% 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 Sweeney & Michel, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Sweeney & Michel serves?

The firm provides services to individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Sweeney & Michel is individuals with 765 clients and $270.02 million of assets under management. Among the 8 most similar advisory firms, Sweeney & Michel has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $298.2 million for 808 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.

Sweeney & Michel doesn't advise any private funds.

Careers at Sweeney & Michel, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 3 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
Brian Philip Sweeney	Managing member	1 Mar 2016	25% - 50%	716386
Renee Ann Michel	Managing member/chief compliance officer	1 Mar 2016	25% - 50%	4713493
Joseph Daniel Sweeney	Managing member	1 Mar 2016	25% - 50%	4968553

Based in Chico

The principal office where Sweeney & Michel, LLC performs its advisory services is located at 196 Cohasset Road, Chico, CA 95926, 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 (530) 487-1777. The normal business hours are 6:30 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at sweeneymichelamg.com and its LinkedIn profile.