Morris Financial Concepts, Inc. is a large advisory firm based in Mount Pleasant. It manages $217.72 million of regulatory assets for 773 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, Louisiana, North Carolina, and 3 other states.
Morris Financial Concepts provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Morris Financial Concepts, Inc. is $217.72 million. The firm's AUM has grown by 409% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Morris Financial Concepts, Inc. 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, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Kyra Hollowell Morris is high net worth individuals with 109 clients and $169.17 million of assets under management. Among the 8 most similar advisory firms, Morris Financial Concepts has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $217.72 million for 276 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.
Morris Financial Concepts doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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.
Kyra Hollowell Morris has been acting as President since 1 Jan 2001. Mario Anthony Nardone has served as the Chief Investment Officer since 1 Feb 2010. Robert Stanley Morris joined the executive team most recently as the Vice President.
The principal office where Morris Financial Concepts, Inc. performs its advisory services is located at 409 Coleman Blvd, Ste 100, Mount Pleasant, SC 29464 5318, 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 843-884-6192 or by fax 888-957-0896. The normal business hours are m-f 9am-5pm; f 9am-1pm on Monday - Friday. You can find more information about the New York firm at mfcplanners.com.