Lejeune Puetz Investment Counsel (Traverse City)

Name: Lejeune Puetz Investment Counsel
Address: 13721 West Bay Shore Drive, Traverse City, MI, 49684
Telephone: 231-922-0525

Lejeune Puetz Investment Counsel is a large advisory firm based in Traverse City. It manages $250.57 million of regulatory assets for 84 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Michigan.

Lejeune Puetz Investment Counsel provides portfolio management for individuals and small businesses 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.

Lejeune Puetz Investment Counsel: assets under management

The assets under management (AUM) of Lejeune Puetz Investment Counsel is $250.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 259% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $250.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.98 million each.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 20% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lejeune Puetz Investment Counsel 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 Lejeune Puetz Investment Counsel serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lejeune Puetz Investment Counsel is high net worth individuals with 64 clients and $189.7 million of assets under management. Among the 9 most similar advisory firms, Lejeune Puetz Investment Counsel has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $198.16 million for 79 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.

Lejeune Puetz Investment Counsel doesn't advise any private funds.

Careers at Lejeune Puetz Investment Counsel

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
John Charles Puetz	Member/chief compliance officer	1 Jul 1997	75% - 100%	4351483

Based in Traverse City

The principal office where Lejeune Puetz Investment Counsel performs its advisory services is located at 13721 West Bay Shore Drive, Traverse City, MI 49684, 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 231-922-0525 or by fax 231-922-0787. The normal business hours are 8:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at lejeunepuetz.com.