Center For Financial Planning Inc (Southfield)


Center For Financial Planning Inc is a large advisory firm based in Southfield. It manages $966.7 million of regulatory assets for 900 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, Colorado, and 19 other states.

Center For Financial Planning provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for approximately 900 clients. On top of advisory services, the firm doesn't engage in other business activities.

Center For Financial Planning: assets under management

The assets under management (AUM) of Center For Financial Planning Inc is $966.7 million. The firm's AUM has grown by 486% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $933.6 million in discretionary accounts and $33.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.04 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $16.55 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Center For Financial Planning Inc 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 Matthew Edward Chope serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Matthew Edward Chope is individuals with 880 clients and $773.36 million of assets under management. Among the 10 most similar advisory firms, Center For Financial Planning has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $966.7 million for 900 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.

Center For Financial Planning doesn't advise any private funds.

Careers at Center For Financial Planning Inc

The company employs 28 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 11 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.

Matthew Edward Chope has been acting as President since 1 Jan 2005. Angela Sue Palacios joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Marilyn Millard Gunther President/secretary/treasurer 1 Mar 1988 25% - 50% 1181724
Daniel Hobbs Boyce Director/planner/chief compliance officer 1 Mar 1988 25% - 50% 733571
Matthew Edward Chope Director/treasurer 1 Jan 2005 25% - 50% 2147731
Timothy Warren Wyman President/chief compliance officer 1 Jan 2005 25% - 50% 2202030
Melissa W Joy Director/secretary 1 Dec 2012 25% - 50% 3233879
Sandra Dee Adams Director 1 Dec 2013 Other 2962229
Laurie Diane Renchik Director 1 Dec 2013 Other 2222771
Angela Sue Palacios Director 1 Jan 2019 Other 3108020

Based in Southfield

The principal office where Center For Financial Planning Inc performs its advisory services is located at 24800 Denso Drive, Southfield, MI 48033 7470, 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)948-7900 or by fax (248)948-1008. The normal business hours are 8:30 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at centerfinplan.com.

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