Morin Private Client Group, LLC (Jackson)


Morin Private Client Group, LLC is a large advisory firm based in Jackson. It manages $403.7 million of regulatory assets for 144 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California and Washington.

Morin Private Client Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Morin Private Client Group: assets under management

The assets under management (AUM) of Morin Private Client Group, LLC is $403.7 million. The firm's AUM has grown by 3978% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $147.73 million in discretionary accounts and $255.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.06 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $63.99 million.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Morin Private Client Group, 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 Morin Private Client Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Morin Private Client Group is high net worth individuals with 34 clients and $141.6 million of assets under management. Among the 9 most similar advisory firms, Morin Private Client Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $147.73 million for 140 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.

Morin Private Client Group doesn't advise any private funds.

Careers at Morin Private Client Group, LLC

The company employs 5 people that are either part- or full-time employees. 40 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Arthur Morin Managing member and chief compliance officer 1 Sep 2010 75% - 100% 2384249

Based in Jackson

The principal office where Morin Private Client Group, LLC performs its advisory services is located at 970 W Broadway, Jackson, WY 83001 The mailing address of the firm is 970 W. Broadway, Jackson, WY 83001. An additional office of the firm is in Newport Beach, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (949) 798-5562 or by fax (307) 333-0233. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at mp-cg.com.