MLP3, LLC is a large advisory firm based in Linwood. It manages $146.14 million of regulatory assets for 386 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, New Jersey, New York, and Pennsylvania.
MLP3 provides financial planning services, portfolio management for individuals and small businesses, and bill payment services.. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of MLP3, LLC is $146.14 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay MLP3, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of MLP3 is high net worth individuals with 38 clients and $113.07 million of assets under management. Among the 8 most similar advisory firms, MLP3 has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $145.6 million for 149 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.
MLP3 doesn't advise any private funds.
The company employs 4 people that are either part- or full-time employees. 75 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.
The principal office where MLP3, LLC performs its advisory services is located at 650 New Road, Linwood, NJ 08221, 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 609-601-0800 or by fax 609-601-1850. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at masterslegacy.com/.