Portformulas Investing Corporation (Ada)

Name: Portformulas Investing Corporation
Address: 6020 East Fulton Street, Ada, MI, 49301
Telephone: (800)869-5994

Portformulas Investing Corporation is a large advisory firm based in Ada. It manages $175 million of regulatory assets for 1,770 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Portformulas Investing Corporation provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Portformulas Investing Corporation: assets under management

The assets under management (AUM) of Portformulas Investing Corporation is $175 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 114% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $175 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.87 thousand each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Portformulas Investing Corporation for their services and products based on a percentage of assets under management. 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.

Careers at Portformulas Investing Corporation

Brent David Enders has been acting as President since 1 Feb 2006. Matthew Lee Mcgrew joined the executive team most recently as the Chief Operations Officer/Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brent David Enders	President/manager	1 Feb 2006	25% - 50%	2858719
Andrea Denise Stewart Mcgrew	Chief compliance officer/manager	1 Dec 2006	Other	4896632
William Clayton Bachert	Chief financial officer / manager	1 Apr 2007	Other	4576698
Usa Financial Holding Corporation	Direct owner	1 Jan 2010	75% - 100%	27-1480535
Wealthnetic Corporation	Direct owner	1 Jan 2010	75% - 100%	27-1480535
Matthew Lee Mcgrew	Chief operations officer/manager	1 Apr 2010	Other	5300326

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael David Walters	Trustee	1 Jan 2006	25% - 50%	2580592
Brent David Enders	Trustee	1 Jan 2006	25% - 50%	2858719
Gary Glen Walters	Trustee	1 Jan 2006	25% - 50%	4135245
Michael D. Walters Trust	Direct owner	1 Jan 2010	25% - 50%	38-5866878
Gary G. Walters Trust	Direct owner	1 Jan 2010	25% - 50%	37-0386142
Brent D. Enders Trust	Direct owner	1 Jan 2010	Other	37-0680668

Based in Ada

The principal office where Portformulas Investing Corporation performs its advisory services is located at 6020 East Fulton Street, Ada, MI 49301, 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 (800)869-5994 or by fax (888)869-9411. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at www.portformulas.com.