Personal Resources Investment And Strategic Management, Inc. (Studio City)

Name: Personal Resources Investment And Strategic Management, Inc.
Address: 4361 Tujunga Ave. Suite A, Studio City, CA, 91604
Telephone: 818-760-3333

Personal Resources Investment And Strategic Management, Inc. is a large advisory firm based in Studio City. It manages $311.51 million of regulatory assets for 661 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Delaware, Florida, and 5 other states.

Personal Resources Investment And Strategic Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Personal Resources Investment And Strategic Management: assets under management

The assets under management (AUM) of Personal Resources Investment And Strategic Management, Inc. is $311.51 million. The firm's AUM has grown by 55% since the beginning of its operation, and $440 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $305.89 million in discretionary accounts and $5.63 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $519.34 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $78.14 thousand.

Personal Resources Investment And Strategic Management has custody of $121.32 million in cash and securities for 93 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 45% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in government bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Personal Resources Investment And Strategic Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.

What kind of clients Mcginnis Andrew Mccoy serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mcginnis Andrew Mccoy is high net worth individuals with 65 clients and $270.24 million of assets under management. Among the 10 most similar advisory firms, Personal Resources Investment And Strategic Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $311.51 million for 230 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.

Personal Resources Investment And Strategic Management doesn't advise any private funds.

Careers at Personal Resources Investment And Strategic Management, Inc.

The company employs 5 people that are either part- or full-time employees. 100 percent of the 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 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.

Mcginnis Andrew Mccoy has been acting as President since 1 Jun 2003. Stacey Kiyomi Snow joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mcginnis Andrew Mccoy	President	1 Jun 2003	50% - 75%	1708167
Amy Louise Aquino	Secretary	1 Jun 2003	50% - 75%	6746195
Stacey Kiyomi Snow	Chief compliance officer	1 Apr 2017	Other	4914756

Based in Studio City

The principal office where Personal Resources Investment And Strategic Management, Inc. performs its advisory services is located at 4361 Tujunga Ave. Suite A, Studio City, CA 91604, 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 818-760-3333 or by fax 818-760-3373. The normal business hours are 6-3:30pm on Monday - Friday. You can find more information about the New York firm at prismadvisors.com.