Phillips Financial Management, LLC is a large advisory firm based in Fort Wayne. It manages $915.59 million of regulatory assets for 1,745 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, Florida, Illinois, and 5 other states.
Phillips Financial Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Phillips Financial Management, LLC is $915.59 million. The firm's AUM has grown by 625% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Phillips Financial 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.
The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Phillips Financial Management is high net worth individuals with 174 clients and $522.25 million of assets under management. Among the 3 most similar advisory firms, Phillips Financial Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $915.59 million for 670 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.
Phillips Financial Management doesn't advise any private funds.
The company employs 21 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 11 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.
The principal office where Phillips Financial Management, LLC performs its advisory services is located at 6920 Pointe Inverness Way, Fort Wayne, IN 46804, 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 260-420-7732 or by fax 260-420-5553. The normal business hours are 8:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at 1phillips.com.