Mutual Trust Asset Mgmt., Inc. (Clearwater)

Mutual Trust Asset Mgmt., Inc. is a large advisory firm based in Clearwater. It manages $136.93 million of regulatory assets for 822 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Massachusetts, and Minnesota.

Mutual Trust Asset Mgmt. provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mutual Trust Asset Mgmt.: assets under management

The assets under management (AUM) of Mutual Trust Asset Mgmt., Inc. is $136.93 million. The firm's AUM has grown by 21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $16.63 million in discretionary accounts and $120.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $244.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $159.55 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in non-exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mutual Trust Asset Mgmt., Inc. 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.

What kind of clients Jed E Bandes serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jed E Bandes is individuals with 813 clients and $123.93 million of assets under management. Among the 8 most similar advisory firms, Mutual Trust Asset Mgmt. has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $136.93 million for 822 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.

Mutual Trust Asset Mgmt. doesn't advise any private funds.

Careers at Mutual Trust Asset Mgmt., Inc.

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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

Name	Entity	Date acquired	Ownership	Employer ID
Jed E Bandes	President/cco	1 Mar 1989	75% - 100%	722806

Based in Clearwater

The principal office where Mutual Trust Asset Mgmt., Inc. performs its advisory services is located at 2963 Gulf To Bay Blvd, Clearwater, FL 33759, which is also the mailing address of the firm. An additional office of the firm is in South St. Paul, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 727-799-9922 or by fax 727-799-3869. The normal business hours are 9 to 5 on Monday - Friday.