Norris Perne & French LLP is a large advisory firm based in Grand Rapids. It manages $1.41 billion of regulatory assets for 1,559 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Arkansas, California, and 17 other states.
Norris Perne & French provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and consultation services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Norris Perne & French LLP is $1.41 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 181% since the beginning of its operation, and $309.63 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Norris Perne & French LLP for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Norris Perne & French is high net worth individuals with 382 clients and $1.1 billion of assets under management. Among the 11 most similar advisory firms, Norris Perne & French has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.41 billion for 822 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.
Norris Perne & French doesn't advise any private funds.
The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Norris Perne & French LLP performs its advisory services is located at 40 Pearl St., Nw, Suite 300, Grand Rapids, MI 49503 3026, 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 616-459-3421 or by fax 616-459-5369. The normal business hours are 8:30 am - 5:00pm (est) on Monday - Friday. You can find more information about the New York firm at norrisperne.com.