Cygnet Financial Planning Inc. (Waterford)

Cygnet Financial Planning provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cygnet Financial Planning: assets under management

The assets under management (AUM) of Cygnet Financial Planning Inc. is $141.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 222% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $216.35 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cygnet Financial Planning 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.

What kind of clients Cygnet Financial Planning serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Cygnet Financial Planning is pension and profit sharing plans with 13 clients and $61.67 million of assets under management. Among the 9 most similar advisory firms, Cygnet Financial Planning has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $141.71 million for 395 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.

Cygnet Financial Planning doesn't advise any private funds.

Careers at Cygnet Financial Planning Inc.

The company employs 9 people that are either part- or full-time employees. 56 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.

Direct owners and executive officers

Based in Waterford

The principal office where Cygnet Financial Planning Inc. performs its advisory services is located at 4139 West Walton Blvd, Waterford, MI 48329 4187 The mailing address of the firm is Po Box 301000, Waterford, MI 48330 1000. An additional office of the firm is in Pittsburgh, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-673-2900 or by fax 248-673-5312. The normal business hours are 9am to 4pm on Monday - Friday. You can find more information about the New York firm at financialfreedomhouse.com.

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