Premier Estate Planners, LLC (Clinton Township)


Premier Estate Planners, LLC is a large advisory firm based in Clinton Township. It manages $156.74 million of regulatory assets for 953 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Michigan and Texas.

Premier Estate Planners provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Premier Estate Planners: assets under management

The assets under management (AUM) of Premier Estate Planners, LLC is $156.74 million. The firm's AUM has grown by 166% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $78.49 million in discretionary accounts and $78.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $150.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $181.55 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% 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 Premier Estate Planners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Premier Estate Planners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Premier Estate Planners is individuals with 553 clients and $98.99 million of assets under management. Among the 11 most similar advisory firms, Premier Estate Planners has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $156.74 million for 591 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.

Premier Estate Planners doesn't advise any private funds.

Careers at Premier Estate Planners, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Donald Peter Carnaghi Managing member/chief compliance officer 1 Jul 2002 50% - 75% 1352988
Thomas Roy Mazza Managing member 1 Jul 2002 50% - 75% 1091453

Based in Clinton Township

The principal office where Premier Estate Planners, LLC performs its advisory services is located at 16950 19 Mile Rd, Clinton Township, MI 48038, 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 586-228-7772 or by fax 586-228-7776. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at facebook.com/premierestateplanners/.

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