Portfolio Medics, LLC (Bonita Springs)

Name: Portfolio Medics, LLC
Address: 27499 Riverview Center Blvd, Bonita Springs, FL, 34134
Telephone: (239) 444-1766

Portfolio Medics, LLC is a large advisory firm based in Bonita Springs. It manages $119.8 million of regulatory assets for 1,040 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Connecticut, and 20 other states.

Portfolio Medics provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Portfolio Medics: assets under management

The assets under management (AUM) of Portfolio Medics, LLC is $119.8 million. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $117.24 million in discretionary accounts and $2.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $121.11 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $35.63 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 95% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Portfolio Medics, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Portfolio Medics serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Portfolio Medics is individuals with 1,030 clients and $108.08 million of assets under management. Among the 9 most similar advisory firms, Portfolio Medics has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $119.8 million for 1,040 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.

Portfolio Medics doesn't advise any private funds.

Careers at Portfolio Medics, LLC

The company employs 16 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 16 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Michael Billy	Managing member and chief compliance officer	1 Dec 2007	50% - 75%	2714279
John Christopher Conrath	Managing member	1 Dec 2007	50% - 75%	4686217

Based in Bonita Springs

The principal office where Portfolio Medics, LLC performs its advisory services is located at 27499 Riverview Center Blvd, Bonita Springs, FL 34134, which is also the mailing address of the firm. An additional office of the firm is in Cary, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (239) 444-1766 or by fax 775-806-6006. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at portfoliomedics.com.