Taylor & Morgan Wealth Management, LLC (Flint)

Name: Taylor & Morgan Wealth Management, LLC
Address: 2302 Stonebridge Drive, Flint, MI, 48532
Telephone: 810-230-8200

Taylor & Morgan Wealth Management, LLC is a large advisory firm based in Flint. It manages $148.25 million of regulatory assets for 880 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Georgia, Illinois, and 5 other states.

Taylor & Morgan Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Taylor & Morgan Wealth Management: assets under management

The assets under management (AUM) of Taylor & Morgan Wealth Management, LLC is $148.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $148.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $168.47 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Taylor & Morgan Wealth Management, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Taylor & Morgan Wealth Management serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Taylor & Morgan Wealth Management is individuals with 466 clients and $77.56 million of assets under management. Among the 10 most similar advisory firms, Taylor & Morgan Wealth Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $146.69 million for 520 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.

Taylor & Morgan Wealth Management doesn't advise any private funds.

Careers at Taylor & Morgan Wealth Management, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 5 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
Robert Thomas Taylor	Managing member/chief compliance officer	1 Jul 2010	75% - 100%	5833240

Based in Flint

The principal office where Taylor & Morgan Wealth Management, LLC performs its advisory services is located at 2302 Stonebridge Drive, Flint, MI 48532, which is also the mailing address of the firm. An additional office of the firm is in Troy, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 810-230-8200 or by fax 810-230-8203. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at tmcpa.com/assetmanagement.