Resource Management Service, LLC is a large advisory firm based in Birmingham. It manages $4.41 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Alabama.
Resource Management Service provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Resource Management Service, LLC is $4.41 billion. The firm's AUM has grown by 1977% since the beginning of its operation, and $256.8 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Resource Management Service, 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.
The firm provides services to other investment advisers and pooled investment vehicles. The largest group of clients of Resource Management Service is pooled investment vehicles with 7 clients and $1.32 billion of assets under management. Among the 5 most similar advisory firms, Resource Management Service has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.46 billion for 12 clients. 47% of the firm’s clients are foreign persons or businesses.
Resource Management Service also advises several private funds. Namely, six real estate funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.
The company employs 175 people that are either part- or full-time employees. 8 percent of the employees work as investment advisers or researchers. No 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.
The principal office where Resource Management Service, LLC performs its advisory services is located at 31 Inverness Center Parkway, Birmingham, AL 35242, 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 205-991-9516 or by fax 205-991-2807. The normal business hours are 8:00am - 5:00pm cst on Monday - Friday. You can find more information about the New York firm at resourcemgt.com.