Mutual Fund Protection Service (Denver)


Mutual Fund Protection Service is an investment adviser to an investment company based in Denver. It manages $77.32 million of regulatory assets for 447 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Colorado.

Mutual Fund Protection Service provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and insurance & wealth transfer strategies. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mutual Fund Protection Service: assets under management

The assets under management (AUM) of Mutual Fund Protection Service is $77.32 million. The firm's AUM has grown by 90% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $59.23 million in discretionary accounts and $18.08 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.26 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $287.05 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mutual Fund Protection Service for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Dominick Paoloni serves?

The firm provides services to individuals, investment companies, and high net worth individuals. The largest group of clients of Dominick Paoloni is individuals with 195 clients and $62.89 million of assets under management. Among the 3 most similar advisory firms, Mutual Fund Protection Service has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $76.34 million for 205 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.

Mutual Fund Protection Service doesn't advise any private funds.

Careers at Mutual Fund Protection Service

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Dominick Paoloni has been acting as President since 1 Sep 1993. Kendra Nelson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Dominick Paoloni President 1 Sep 1993 75% - 100% 1099239
Jaye Weiland President 1 Sep 1993 75% - 100% 1099239
Dominick Steven Paoloni Chief compliance officer 1 Aug 2007 75% - 100% 1099239
Jaye Weiland Chief compliance officer 1 Aug 2007 Other 5421431
Breana Lee Maurais Chief compliance officer 1 Jan 2010 Other 5893446
Breana Lee Maurais Chief compliance officer 1 Jan 2011 Other 5893446
Kendra Nelson Chief compliance officer 1 Aug 2012 Other 6110276
Kendra Bayens Chief compliance officer 1 Aug 2012 Other 5893446

Based in Denver

The principal office where Mutual Fund Protection Service performs its advisory services is located at 215 S. Wadsworth Blvd. Suite 540, Denver, CO 80226, 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 303-697-3174 or by fax 303-697-3751. 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 investps.com.