Braeburn Wealth Management, LLC (Norton Shores)

Name: Braeburn Wealth Management, LLC
Address: 3597 Henry Street, Norton Shores, MI, 49441
Telephone: 231-720-0743

Braeburn Wealth Management, LLC is a large advisory firm based in Norton Shores. It manages $156.92 million of regulatory assets for 754 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Louisiana, Michigan, and Texas.

Braeburn Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and consultation services; general education workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Braeburn Wealth Management: assets under management

The assets under management (AUM) of Braeburn Wealth Management, LLC is $156.92 million. The firm's AUM has grown by 161% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $126.09 million in discretionary accounts and $30.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $172.02 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.47 million.

Investments

The firm invests in investment and business development companies the most. They account for 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 25% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Braeburn Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Braeburn Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Braeburn Wealth Management is high net worth individuals with 31 clients and $81.61 million of assets under management. Among the 11 most similar advisory firms, Braeburn Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $156.92 million for 343 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.

Braeburn Wealth Management doesn't advise any private funds.

Careers at Braeburn Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Michael Allen Poland	Managing member and chief compliance officer	1 Aug 2011	75% - 100%	1953230

Based in Norton Shores

The principal office where Braeburn Wealth Management, LLC performs its advisory services is located at 3597 Henry Street, Norton Shores, MI 49441, 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 231-720-0743 or by fax 231-760-4982. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at braeburnwealth.com.