Managed Asset Portfolios, LLC (Rochester)

Name: Managed Asset Portfolios, LLC
Address: 950 W. University, Suite 100, Rochester, MI, 48307
Telephone: 248-601-6677

Managed Asset Portfolios, LLC is a large advisory firm based in Rochester. It manages $699.93 million of regulatory assets for 1,584 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 21 other states.

Managed Asset Portfolios provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, security ratings or pricing services, and portfolio management for trusts and offshore vehicles; model. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Managed Asset Portfolios: assets under management

The assets under management (AUM) of Managed Asset Portfolios, LLC is $699.93 million. The firm's AUM has grown by 1476% since the beginning of its operation, and $112.12 million of the total AUM is attributable to clients outside of the United States.

The firm manages $684.29 million in discretionary accounts and $15.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $522.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $56.86 thousand.

Managed Asset Portfolios has custody of $35.17 million in cash and securities for 74 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Managed Asset Portfolios, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. 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 Managed Asset Portfolios serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Managed Asset Portfolios is individuals with 1,147 clients and $278.32 million of assets under management. Among the 4 most similar advisory firms, Managed Asset Portfolios has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $699.27 million for 1,313 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Managed Asset Portfolios doesn't advise any private funds.

Careers at Managed Asset Portfolios, LLC

The company employs 19 people that are either part- or full-time employees. 26 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Stephen Dzialo	President, chief investment officer	1 Nov 2000	50% - 75%	1666150
Daniel Scott Patterson	Client relationship manager	1 Sep 2001	Other	1254698
Peter Jordan Swan	International pm	1 May 2002	Other	2352280
Karen Michele Culver	Chief compliance officer and portfolio manager	1 Oct 2004	Other	2128648
Karen Michelle Caudill	Chief compliance officer	1 Oct 2004	Other	2128648
Jayne Ellen Nizza	Operations manager and chief compliance officer	1 Mar 2016	Other	1375612
Brian David Newcombe	Director of operations	1 Sep 2016	Other	2419873
Thomas Patrick Fitzgerald	Chief compliance officer	1 Apr 2018	Other	2617750

Based in Rochester

The principal office where Managed Asset Portfolios, LLC performs its advisory services is located at 950 W. University, Suite 100, Rochester, MI 48307, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-601-6677 or by fax 248-601-6679. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at managedassetportfolios.com.