Successful Money Management Of Sarasota, Inc. (Sarasota)

Successful Money Management Of Sarasota, Inc. is an adviser based in Sarasota. It manages $27 million of regulatory assets for 180 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, California, and 17 other states.

Successful Money Management Of Sarasota provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Successful Money Management Of Sarasota: assets under management

The assets under management (AUM) of Successful Money Management Of Sarasota, Inc. is $27 million. The company doesn't manage any assets belonging to foreign clients.

Successful Money Management Of Sarasota has custody of $27 million in cash and securities for 103 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 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Successful Money Management Of Sarasota, Inc. 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 Successful Money Management Of Sarasota serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Successful Money Management Of Sarasota is individuals with 97 clients and $17 million of assets under management. Among the 1 most similar advisory firms, Successful Money Management Of Sarasota has the 0th lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $27 million for 103 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.

Successful Money Management Of Sarasota doesn't advise any private funds.

Careers at Successful Money Management Of Sarasota, 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. 2 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
Robert Lewis Lee	Owner	1 May 2007	75% - 100%	1170833

Based in Sarasota

The principal office where Successful Money Management Of Sarasota, Inc. performs its advisory services is located at 2 N. Tamiami Trail, Sarasota, FL 34236 5586, 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 941-955-8163 or by fax 941-955-2837. The normal business hours are 8:00 - 5:00 on Monday - Friday.