Asset Allocation Strategies, LLC (Farmington Hills)

Name: Asset Allocation Strategies, LLC
Address: 37000 West Twelve Mile Road, Farmington Hills, MI, 48331 3055
Telephone: 248-489-0101

Asset Allocation Strategies, LLC is a multi-state adviser based in Farmington Hills. It manages $85.22 million of regulatory assets for 1,087 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arkansas, Colorado, Florida, and 13 other states.

Asset Allocation Strategies provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Asset Allocation Strategies: assets under management

The assets under management (AUM) of Asset Allocation Strategies, LLC is $85.22 million. The firm's AUM has grown by 193% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $81.36 million in discretionary accounts and $3.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $80.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $50.8 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in government bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Asset Allocation Strategies, 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.

What kind of clients Alexander K Kocoves serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Alexander K Kocoves is individuals with 1,080 clients and $75.85 million of assets under management. Among the 3 most similar advisory firms, Asset Allocation Strategies has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $84.69 million for 1,086 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.

Asset Allocation Strategies doesn't advise any private funds.

Careers at Asset Allocation Strategies, LLC

The company employs 19 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 18 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.

Alexander K Kocoves has been acting as President since 1 Oct 2009. Justin Benjamin Rolnitzky joined the executive team most recently as the Director Of Internal Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Patrick Mcevilly	Vice president of operations; chief compliance officer (09/2015)	1 Oct 2009	25% - 50%	1454973
Alexander K Kocoves	President	1 Oct 2009	25% - 50%	4235071
Richard Hubbard Martin	Secretary & treasurer	1 Oct 2009	Other	4499529
Gerald L Pollack Trust	39 % owner; trustees : jp morgan chase n.a. & r.m. barron (379-44-1643)	1 Oct 2009	25% - 50%	11-1111111
Justin Benjamin Rolnitzky	Director of internal operations	1 Feb 2019	Other	6030236

Based in Farmington Hills

The principal office where Asset Allocation Strategies, LLC performs its advisory services is located at 37000 West Twelve Mile Road, Farmington Hills, MI 48331 3055, which is also the mailing address of the firm. An additional office of the firm is in Grand Rapids, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-489-0101 or by fax 248-876-9657. The normal business hours are 9 am to 5 pm est on Monday - Friday. You can find more information about the New York firm at glpwins.com.