North Point Portfolio Managers Corporation (Mayfield Heights)

Name: North Point Portfolio Managers Corporation
Address: 5910 Landerbrook Dr, Mayfield Heights, OH, 44124 6500
Telephone: 440-720-1100

North Point Portfolio Managers Corporation is a large advisory firm based in Mayfield Heights. It manages $635.22 million of regulatory assets for 214 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Ohio.

North Point Portfolio Managers Corporation provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

North Point Portfolio Managers Corporation: assets under management

The assets under management (AUM) of North Point Portfolio Managers Corporation is $635.22 million. The firm's AUM has grown by 193% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $632.48 million in discretionary accounts and $2.74 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.06 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $391.28 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 13% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay North Point Portfolio Managers Corporation 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 North Point Portfolio Managers Corporation serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of North Point Portfolio Managers Corporation is high net worth individuals with 99 clients and $454.83 million of assets under management. Among the 6 most similar advisory firms, North Point Portfolio Managers Corporation has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $615.3 million for 204 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.

North Point Portfolio Managers Corporation doesn't advise any private funds.

Careers at North Point Portfolio Managers Corporation

The company employs 5 people that are either part- or full-time employees. 80 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Diane Marie Stack	Chief compliance officer, evp and treasurer	1 May 1999	25% - 50%	4373412
Ronald James Lang	President and secretary	1 May 1999	25% - 50%	4373411
Daniel Joseph Dreiling	Senior vice president	1 Dec 2005	Other	4163536
Daniel Joseph Dreiling	Executive vice president	1 Jan 2015	25% - 50%	4163536
Daniel Michael Philip Welker	Vice president	1 Nov 2016	Other	4550410

Based in Mayfield Heights

The principal office where North Point Portfolio Managers Corporation performs its advisory services is located at 5910 Landerbrook Dr, Mayfield Heights, OH 44124 6500, 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 440-720-1100 or by fax 440-720-1101. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at nppmcorp.com.