Fis Group, Inc. is a large advisory firm based in Philadelphia. It manages $5.23 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Illinois, New York, and Pennsylvania.
Fis Group provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Fis Group, Inc. is $5.23 billion. The firm's AUM has grown by 648% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Fis Group, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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.
The firm provides services to high net worth individuals, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Tina Byles Williams is state or municipal government entities with 13 clients and $3.57 billion of assets under management. Among the 9 most similar advisory firms, Fis Group has the highest percentage of state or municipal government entities out of all clients.
The amount of regulatory assets under management is $4.7 billion for 16 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.
Fis Group also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 24 people that are either part- or full-time employees. 33 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Tina Byles Williams has been acting as President since 1 Feb 1996. Isaac Hughes Green joined the executive team most recently as the Director.
The principal office where Fis Group, Inc. performs its advisory services is located at 1845 Walnut Street, Philadelphia, PA 19103, 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 215-567-1100 or by fax 215-567-1810. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at fisgroup.com.