Consolidated Planning Corp (Atlanta)

Name: Consolidated Planning Corp
Address: 400 Colony Square, Atlanta, GA, 30361
Telephone: 404-892-1995

Consolidated Planning Corp is a large advisory firm based in Atlanta. It manages $537.43 million of regulatory assets for 762 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 13 other states.

Consolidated Planning Corp provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Consolidated Planning Corp: assets under management

The assets under management (AUM) of Consolidated Planning Corp is $537.43 million. The firm's AUM has grown by 158% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $532.59 million in discretionary accounts and $4.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $710.12 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $403.43 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 2% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Consolidated Planning Corp 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 Michael Lee Hines serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Michael Lee Hines is high net worth individuals with 136 clients and $406.63 million of assets under management. Among the 7 most similar advisory firms, Consolidated Planning Corp has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $537.43 million for 371 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.

Consolidated Planning Corp doesn't advise any private funds.

Careers at Consolidated Planning Corp

The company employs 17 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. 10 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.

Michael Lee Hines has been acting as President since 1 Jul 1975. David Griffin Hunter joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Lee Hines	President/chief compliance officer	1 Jul 1975	50% - 75%	246442
Patrick George Renn	Sec	1 Jul 1975	25% - 50%	374144
Elizabeth Anne Shimek Silber	Advisor	1 Oct 1994	Other	2434340
Blake Anthony Flood	Advisor	1 Aug 1998	Other	2485222
Robert Daniel Bordett	Senior vice president, secretary	1 Feb 2002	Other	1299486
Sheila Kay Hines	Customer service manager	1 Aug 2008	Other	4168891
Jacqueline Colman Berkelhamer	Shareholder	1 Aug 2008	Other	4168847
Casey Thomas Allison	Investment analyst	1 Aug 2008	Other	4955134
Adele Versie Gipson	Shareholder	1 Jan 2014	Other	5175273
David Griffin Hunter	Shareholder	1 Feb 2019	Other	5308154
Varun Kalyan Marneni	Shareholder	1 Feb 2019	Other	5986060

Based in Atlanta

The principal office where Consolidated Planning Corp performs its advisory services is located at 400 Colony Square, Atlanta, GA 30361, which is also the mailing address of the firm. An additional office of the firm is in Athens, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 404-892-1995 or by fax 404-892-1970. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at cpcadvisors.com.