The Portfolio Strategy Group, LLC (White Plains)


The Portfolio Strategy Group, LLC is a large advisory firm based in White Plains. It manages $1.57 billion of regulatory assets for 322 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

The Portfolio Strategy Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Portfolio Strategy Group: assets under management

The assets under management (AUM) of The Portfolio Strategy Group, LLC is $1.57 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 55% since the beginning of its operation, and $13.09 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.57 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.86 million each.
The Portfolio Strategy Group has custody of $78.65 million in cash and securities for 31 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Portfolio Strategy Group, LLC for their services and products based on a percentage of assets under management and performance-based 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 The Portfolio Strategy Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of The Portfolio Strategy Group is high net worth individuals with 196 clients and $1.22 billion of assets under management. Among the 12 most similar advisory firms, The Portfolio Strategy Group has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.57 billion for 322 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.

The Portfolio Strategy Group also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at The Portfolio Strategy Group, LLC

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 6 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richard Alan Yoken Managing member & managing director 1 Dec 2012 Other 1907159
Edward Laurence Scharf Managing director 1 Dec 2012 Other 2362569
Lawrence David Bartimer Managing director 1 Dec 2012 Other 1320519
Peter Scott Yorkes Managing director 1 Dec 2012 Other 1459661
Thomas Michael Zottner Managing director 1 Dec 2012 Other 4007746
Llc Focus Operating Member (controlling) 1 Dec 2012 75% - 100% 20-8161914
Focus Financial Partners Llc Managing member 1 Dec 2012 75% - 100% 16-1728260
Atiya Leary Cco 1 Jan 2014 Other 6297491
Atiya Shawnta Leary Cco 1 Jan 2014 Other 6297491

Indirect Owners

The SEC currently registers 10 indirect owners.

Name Entity Date acquired Ownership Employer ID
Lp Summit Partners Vi (Gp) General partner 1 Dec 2000 Other 04-3540852
Llc Summit Partners Vi (Gp) General partner 1 Dec 2000 Other 04-3568448
L.P. Summit Ventures Vi A Member (manager) 1 Jan 2006 25% - 50% 04-3540853
Llc Focus Financial Partners Member 1 Jan 2007 75% - 100% 16-1728260
Lp Cp Falcon Aiv Member 1 Oct 2013 25% - 50% 36-4767158
Lp Trident Vi Parallel Fund Member 1 Apr 2017 75% - 100% 98-1132009
Trident Ffp Blocker Llc Limited partner 1 May 2017 25% - 50% 82-1662776
Lp Trident Vi Limited partner 1 May 2017 25% - 50% 98-1131820
Lp Trident Ffp Member 1 Jul 2017 25% - 50% 82-1662703
Focus Financial Partners Inc. Member 1 Jul 2018 75% - 100% 47-4780811

Based in White Plains

The principal office where The Portfolio Strategy Group, LLC performs its advisory services is located at 81 Main Street, White Plains, NY 10601, 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 914-328-6660 or by fax 914-328-6670. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at portfoliostrategygroup.com and its LinkedIn profile.