Mns Financial Management, L.L.C. (Ft. Myers)


Mns Financial Management, L.L.C. is a large advisory firm based in Ft. Myers. It manages $206.38 million of regulatory assets for 809 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, Louisiana, and North Carolina.

Mns Financial Management, L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and advice on matters not involving securities. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mns Financial Management, L.L.C: assets under management

The assets under management (AUM) of Mns Financial Management, L.L.C. is $206.38 million. The firm's AUM has grown by 535% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $33.39 million in discretionary accounts and $172.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $445.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $235.68 thousand.
Mns Financial Management, L.L.C has custody of $76.91 million in cash and securities for 137 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mns Financial Management, L.L.C. 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.

What kind of clients Richard Earl Krichbaum serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Richard Earl Krichbaum is high net worth individuals with 60 clients and $138.27 million of assets under management. Among the 8 most similar advisory firms, Mns Financial Management, L.L.C has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $206.26 million for 198 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.

Mns Financial Management, L.L.C doesn't advise any private funds.

Careers at Mns Financial Management, L.L.C.

The company employs 11 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 8 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.

Richard Earl Krichbaum has been acting as President since 1 Jan 1999. Brian P O'connell joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richard Earl Krichbaum President/managing member/chief compliance officer 1 Jan 1999 25% - 50% 3195431
Linda Gail Markham Member 1 Jan 1999 Other 4490873
Richard Krichbaum President/managing member 1 Jan 1999 Other 3195431
Joni Lee Norton Member 1 Jan 1999 25% - 50% 4490889
John Henry Stroemer Member 1 Jan 1999 Other 4490892
Susan Kim Sands Secretary/member 1 Jan 2005 Other 4603411
Trevor Ruskin Whitley Member 1 Jan 2011 Other 4985041
Brian P O'connell Member 1 Jan 2013 Other 4281534

Based in Ft. Myers

The principal office where Mns Financial Management, L.L.C. performs its advisory services is located at 6216 Whiskey Creek Drive, Ft. Myers, FL 33919, 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 239-454-1117 or by fax 239-454-0249. The normal business hours are 8:00am-5:30pm on Monday - Friday. You can find more information about the New York firm at marquiswealthgroup.com.

Registered investment advisers similar to Mns Financial Management, L.L.C.