American Planning Services, Inc. (Sun City Center)

Name: American Planning Services, Inc.
Address: 1653 Sun City Center Plaza, Sun City Center, FL, 33573
Telephone: 813-633-7333

American Planning Services, Inc. is a large advisory firm based in Sun City Center. It manages $133.16 million of regulatory assets for 409 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, New Hampshire, New York, Pennsylvania, and Texas.

American Planning Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

American Planning Services: assets under management

The assets under management (AUM) of American Planning Services, Inc. is $133.16 million. The firm's AUM has grown by 256% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $133.14 million in discretionary accounts and $14.17 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $327.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.09 thousand.

American Planning Services has custody of $62.32 million in cash and securities for 137 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay American Planning Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 American Planning Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of American Planning Services is individuals with 213 clients and $68.19 million of assets under management. Among the 9 most similar advisory firms, American Planning Services has the 5th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $130.15 million for 242 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.

American Planning Services doesn't advise any private funds.

Careers at American Planning Services, Inc.

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Arthur Payant	Ceo	1 Sep 1979	75% - 100%	845353
Glenn Krcmaric	Chief compliance officer	1 Apr 2008	Other	3135646

Based in Sun City Center

The principal office where American Planning Services, Inc. performs its advisory services is located at 1653 Sun City Center Plaza, Sun City Center, FL 33573, which is also the mailing address of the firm. An additional office of the firm is in Sarasota, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 813-633-7333 or by fax 813-633-6420. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at payantwealthmanagementgroup.com/.