Mtb Of Michigan, LLC (Grand Rapids)

Name: Mtb Of Michigan, LLC
Address: 3333 Grand Ridge Drive Ne, Grand Rapids, MI, 49525
Telephone: 616-719-5007

Mtb Of Michigan, LLC is a large advisory firm based in Grand Rapids. It manages $106.78 million of regulatory assets for 457 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Michigan.

Mtb Of Michigan provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and business and tax consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as solicitor for 401k provider.

Mtb Of Michigan: assets under management

The assets under management (AUM) of Mtb Of Michigan, LLC is $106.78 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and $571.12 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $106.78 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $233.65 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mtb Of Michigan, 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 Mtb Of Michigan serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mtb Of Michigan is high net worth individuals with 50 clients and $75.39 million of assets under management. Among the 9 most similar advisory firms, Mtb Of Michigan has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $103.91 million for 168 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.

Mtb Of Michigan doesn't advise any private funds.

Careers at Mtb Of Michigan, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Thomas Berkemeier	Managing member/shareholder/cco	1 Oct 2017	75% - 100%	4437147
Leah M Dotinga	Chief compliance officer	1 Mar 2019	Other	5681885

Based in Grand Rapids

The principal office where Mtb Of Michigan, LLC performs its advisory services is located at 3333 Grand Ridge Drive Ne, Grand Rapids, MI 49525, 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 616-719-5007. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at strategieswealth.com.