Cssc Investment Advisory Services, Inc. (Troy)

Cssc Investment Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cssc Investment Advisory Services: assets under management

The assets under management (AUM) of Cssc Investment Advisory Services, Inc. is $192.34 million. The firm's AUM has gone down by -51% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $18.24 million in discretionary accounts and $174.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $165.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $445.27 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cssc Investment Advisory Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, 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 Eric Steven Smith serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Eric Steven Smith is high net worth individuals with 89 clients and $109.58 million of assets under management. Among the 8 most similar advisory firms, Cssc Investment Advisory Services has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $192.34 million for 321 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.

Cssc Investment Advisory Services doesn't advise any private funds.

Careers at Cssc Investment Advisory Services, Inc.

The company employs 35 people that are either part- or full-time employees. 97 percent of the employees work as investment advisers or researchers. 35 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 receive compensation from other entities for client referrals.

Eric Steven Smith has been acting as President since 1 Dec 2006. Consulting Services Support Corporation joined the executive team most recently as the Holding Company.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in Troy

The principal office where Cssc Investment Advisory Services, Inc. performs its advisory services is located at 755 West Big Beaver Road, Troy, MI 48084 4904, which is also the mailing address of the firm. An additional office of the firm is in Atlantic, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-244-7980 or by fax 248-244-0955. 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 csscias.com.

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