Schechter Investment Advisors, LLC is a large advisory firm based in Birmingham. It manages $850.69 million of regulatory assets for 811 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Florida, Illinois, and 3 other states.
Schechter Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Schechter Investment Advisors, LLC is $850.69 million. The firm's AUM has grown by 66% since the beginning of its operation, and $10.65 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Schechter Investment Advisors, LLC 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.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Schechter Investment Advisors is high net worth individuals with 172 clients and $830.9 million of assets under management. Among the 6 most similar advisory firms, Schechter Investment Advisors has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $850.69 million for 199 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Schechter Investment Advisors doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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 receive compensation from other entities for client referrals.
The principal office where Schechter Investment Advisors, LLC performs its advisory services is located at 251 Pierce Street, Birmingham, MI 48009, 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 248-731-9500 or by fax 248-731-9570. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at schechterinvestments.com.