Abbit Management Corp is a large advisory firm based in Grand Haven. It manages $189.92 million of regulatory assets for 339 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Michigan.
Abbit Management Corp provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as tpa for guaranteed travel assurance plans.
The assets under management (AUM) of Abbit Management Corp is $189.92 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 121% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Abbit Management Corp 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.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Joseph Edward Risselade is corporations or other businesses with 5 clients and $154.15 million of assets under management. Among the 11 most similar advisory firms, Abbit Management Corp has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $189.92 million for 242 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.
Abbit Management Corp doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 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.
Joseph Edward Risselade has been acting as President since 1 Dec 2010. James Monte Vandyke joined the executive team most recently as the President.
The principal office where Abbit Management Corp performs its advisory services is located at 16986 Robbins Rd Suite 100, Grand Haven, MI 49417, 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 616-842-0280 or by fax 616-842-5266. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at abbit.biz.