Portfolio Solutions LLC (Troy)

Name: Portfolio Solutions LLC
Address: 900 Wilshire Drive, Troy, MI, 48084 1664
Telephone: 248-689-1550

Portfolio Solutions LLC is a large advisory firm based in Troy. It manages $1.36 billion of regulatory assets for 1,774 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 31 other states.

Portfolio Solutions provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Portfolio Solutions: assets under management

The assets under management (AUM) of Portfolio Solutions LLC is $1.36 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1357% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.36 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $764.01 thousand each.

Portfolio Solutions has custody of $1.28 billion in cash and securities for 601 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 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 47% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Portfolio Solutions LLC for their services and products based on a percentage of assets under management. 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 John Robert Bergmann serves?

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 John Robert Bergmann is high net worth individuals with 415 clients and $1.23 billion of assets under management. Among the 9 most similar advisory firms, Portfolio Solutions has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.36 billion for 622 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.

Portfolio Solutions doesn't advise any private funds.

Careers at Portfolio Solutions LLC

The company employs 14 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 7 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Robert Bergmann has been acting as President since 1 Apr 2016. Anthony Robert Watson has served as the Chief Investment Officer since 1 Jun 2012. James Scott Gladney joined the executive team most recently as the Chairman And Chief Executive Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Alan Ferri	Founder	1 Jul 1999	Other	1930456
Scott C. Salaske	Vice president	1 Jan 2002	Other	4076996
Richard Alan Ferri	Ceo, director of reseach	1 Jan 2002	50% - 75%	1930456
Scott Christopher Salaske	President, chief compliance officer, member	1 Jan 2002	25% - 50%	4076996
John Robert Bergmann	Chief financial officer/chief operating officer	1 Nov 2010	Other	6042965
John R. Bergmann	Chief financial officer	1 Nov 2010	Other	6042965
Anthony Robert Watson	Chief investment officer	1 Jun 2012	Other	5682762
Richard Alan Ferri	Managing partner, chief compliance officer	1 Feb 2015	Other	1930456
Llc Rick Ferri	Manager and member	1 Feb 2015	50% - 75%	xxx-xx-xxxx
Llc Liberty Ps Holdings	Manager and member	1 Feb 2015	50% - 75%	47-3038908
James Scott Gladney	Chairman and managing partner	1 Sep 2015	Other	6036172
Llc Rick Ferri	Non-voting member	1 Sep 2015	25% - 50%	xxx-xx-xxxx
Florence Anne Affatato	General counsel/chief compliance officer	1 Oct 2015	Other	6576635
John Robert Bergmann	President	1 Apr 2016	Other	6042965
James Scott Gladney	Chairman and chief executive officer	1 Dec 2017	Other	6036172

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Scott Gladney	Trustee	1 Jun 1992	75% - 100%	6036172
Richard Alan Ferri	Member	1 Jul 2013	75% - 100%	1930456
James S. Gladney 1992 Revocable Trust	Member	1 Feb 2015	75% - 100%	xxx-xx-xxxx

Based in Troy

The principal office where Portfolio Solutions LLC performs its advisory services is located at 900 Wilshire Drive, Troy, MI 48084 1664, 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 248-689-1550 or by fax 248-689-7611. The normal business hours are 8:30 am - 5:00 pm est on Monday - Friday. You can find more information about the New York firm at portfoliosolutions.com/.