Successful Portfolios LLC is a large advisory firm based in Clearwater. It manages $197.27 million of regulatory assets for 738 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Florida.
Successful Portfolios provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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 Successful Portfolios LLC is $197.27 million. The firm's AUM has grown by 396% since the beginning of its operation, and $12.47 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Successful Portfolios LLC for their services and products based on a percentage of assets under management, hourly charges, and performance-based 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 pooled investment vehicles. The largest group of clients of John Paul Barrett is individuals with 254 clients and $121.85 million of assets under management. Among the 9 most similar advisory firms, Successful Portfolios has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $186.34 million for 264 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.
Successful Portfolios also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $10,000 for each fund.
The company employs 4 people that are either part- or full-time employees. 100 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.
John Paul Barrett has been acting as President since 1 Dec 2009. David Lloyd Bennett joined the executive team most recently as the Vice President.
The principal office where Successful Portfolios LLC performs its advisory services is located at 611 Druid Road East, Clearwater, FL 33756, 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 727-744-3614 or by fax 727-483-7455. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at successfulportfolios.com/ and its LinkedIn profile.