Tremonte Financial Consultants (Traverse City)

Name: Tremonte Financial Consultants
Address: 1014 6 Th Street, Traverse City, MI, 49684
Telephone: (231) 486-6050

Tremonte Financial Consultants is an adviser based in Traverse City. It manages $20.01 million of regulatory assets for 139 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Michigan.

Tremonte Financial Consultants provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tremonte Financial Consultants: assets under management

The assets under management (AUM) of Tremonte Financial Consultants is $20.01 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $20.01 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $143.93 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tremonte Financial Consultants 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 Tremonte Financial Consultants serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Tremonte Financial Consultants is individuals with 53 clients and $11.69 million of assets under management. Among the 1 most similar advisory firms, Tremonte Financial Consultants has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $20.01 million for 57 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.

Tremonte Financial Consultants doesn't advise any private funds.

Careers at Tremonte Financial Consultants

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
Derek Pilade Dall Olmo	Managing member & chief compliance officer	1 Nov 2018	75% - 100%	5138728

Based in Traverse City

The principal office where Tremonte Financial Consultants performs its advisory services is located at 1014 6 Th Street, 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) 486-6050. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at tremontefinancial.com and its LinkedIn profile.