Asset Management Resources, LLC (Hyannis)

Asset Management Resources provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Asset Management Resources: assets under management

The assets under management (AUM) of Asset Management Resources, LLC is $142.71 million. The firm's AUM has grown by 42% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $126.34 million in discretionary accounts and $16.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $340.91 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Asset Management Resources, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.

What kind of clients Asset Management Resources serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Asset Management Resources is high net worth individuals with 42 clients and $84.94 million of assets under management. Among the 11 most similar advisory firms, Asset Management Resources has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $138.57 million for 272 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.

Asset Management Resources doesn't advise any private funds.

Careers at Asset Management Resources, LLC

The company employs 6 people that are either part- or full-time employees. 67 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.

Direct owners and executive officers

Based in Hyannis

The principal office where Asset Management Resources, LLC performs its advisory services is located at 1060 Falmouth Road, Hyannis, MA 02601, which is also the mailing address of the firm. An additional office of the firm is in Dedham, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 508-771-8900 or by fax 508-957-2147. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at amrfinancial.com.

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