Emerson Wealth Management, LLC (Bloomfield Hills)

Name: Emerson Wealth Management, LLC
Address: 38710 Woodward Ave., Bloomfield Hills, MI, 48304
Telephone: 248-792-6600

Emerson Wealth Management, LLC is a large advisory firm based in Bloomfield Hills. It manages $363.64 million of regulatory assets for 621 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Michigan, and Texas.

Emerson Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Emerson Wealth Management: assets under management

The assets under management (AUM) of Emerson Wealth Management, LLC is $363.64 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 229% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $363.64 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $585.58 thousand each.

Emerson Wealth Management has custody of $72.85 million in cash and securities for 43 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 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Emerson Wealth Management, LLC for their services and products based on a percentage of assets under management 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 Michael Donald Emerson serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Michael Donald Emerson is high net worth individuals with 111 clients and $346.46 million of assets under management. Among the 10 most similar advisory firms, Emerson Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $363.64 million for 150 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.

Emerson Wealth Management doesn't advise any private funds.

Careers at Emerson Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Emerson Wealth Management, LLC is owned by Casey James Bear. Michael Donald Emerson has been acting as President since 1 Jul 2007. Steven J Deceuninck joined the executive team most recently as the Owner/Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Donald Emerson	Owner/president/chief compliance officer	1 Jul 2007	75% - 100%	2003047
Casey James Bear	Owner/vice president/chief compliance officer	1 Jul 2007	Other	4869348
Steven J Deceuninck	Owner/secretary	1 Jul 2007	Other	3173165
John Crawford	Treasurer	1 Jul 2007	Other	4619159

Based in Bloomfield Hills

The principal office where Emerson Wealth Management, LLC performs its advisory services is located at 38710 Woodward Ave., Bloomfield Hills, MI 48304, 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 248-792-6600 or by fax 248-792-6601. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at emersonwealth.com.