Emerson Wealth Management, LLC is a large advisory firm based in Bloomfield Hills. It manages $363.64 million of regulatory assets for 621 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Michigan, and Texas.
Emerson Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consulting services. 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 Emerson Wealth Management, LLC is $363.64 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 229% 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 Emerson Wealth Management, LLC for their services and products based on a percentage of assets under management 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, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Michael Donald Emerson is high net worth individuals with 111 clients and $346.46 million of assets under management. Among the 10 most similar advisory firms, Emerson Wealth Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $363.64 million for 150 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.
Emerson Wealth Management doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. No employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Emerson Wealth Management, LLC is owned by Casey James Bear. Michael Donald Emerson has been acting as President since 1 Jul 2007. Steven J Deceuninck joined the executive team most recently as the Owner/Secretary.
The principal office where Emerson Wealth Management, LLC performs its advisory services is located at 38710 Woodward Ave., Bloomfield Hills, MI 48304, 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 248-792-6600 or by fax 248-792-6601. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at emersonwealth.com.