Partners In Financial Planning, LLC (Salem)

Name: Partners In Financial Planning, LLC
Address: 421 South College Avenue, Salem, VA, 24153
Telephone: 540-444-2930

Partners In Financial Planning, LLC is a large advisory firm based in Salem. It manages $479.68 million of regulatory assets for 1,743 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Nebraska, North Carolina, Virginia, and West Virginia.

Partners In Financial Planning provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Partners In Financial Planning: assets under management

The assets under management (AUM) of Partners In Financial Planning, LLC is $479.68 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 438% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $479.68 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $275.2 thousand each.

Partners In Financial Planning has custody of $4.15 million in cash and securities for 12 clients in total and acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is government bonds, which make up 14% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Partners In Financial Planning, 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 Partners In Financial Planning serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Partners In Financial Planning is high net worth individuals with 204 clients and $430.1 million of assets under management. Among the 7 most similar advisory firms, Partners In Financial Planning has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $479.68 million for 322 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.

Partners In Financial Planning doesn't advise any private funds.

Careers at Partners In Financial Planning, LLC

The company employs 11 people that are either part- or full-time employees. 64 percent of the 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 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
Pamela Dolvin Poldiak	Member and chief compliance officer	1 Oct 2009	25% - 50%	4585013
James Elwood Pearman	Managing member	1 Oct 2009	25% - 50%	2134909
Richard Keith Bryan	Member and chief investment officer	1 Jan 2015	25% - 50%	4031082

Based in Salem

The principal office where Partners In Financial Planning, LLC performs its advisory services is located at 421 South College Avenue, Salem, VA 24153 The mailing address of the firm is 421 South College Avenue, Salem, VA 24153. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 540-444-2930. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at partnersinfinancialplanning.com.