New Simco, Inc. (Bloomfield Hills)

Name: New Simco, Inc.
Address: 3883 Telegraph Road, Suite 100, Bloomfield Hills, MI, 48302 1432
Telephone: 248-642-6640

New Simco, Inc. is a related adviser based in Bloomfield Hills. It manages $4.23 million of regulatory assets for 83 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Michigan, Texas, and Washington.

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

New Sim: assets under management

The assets under management (AUM) of New Simco, Inc. is $4.23 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -96% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.23 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $50.93 thousand each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay New Simco, Inc. for their services and products based on a percentage of assets under management. 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.

Careers at New Simco, Inc.

John Kenneth Sosnowy has been acting as President since 1 Apr 2001. Jerry Charles Wagner joined the executive team most recently as the President/Treasurer/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Flexible Plan Investments Ltd	Shareholder	1 Apr 2001	75% - 100%	110762
Jerry Charles Wagner	Chairman / treasurer	1 Apr 2001	Other	1920032
John Kenneth Sosnowy	President	1 Apr 2001	Other	430944
Jerry Charles Wagner	President/treasurer/chief compliance officer	1 Apr 2008	Other	1920032
Renee Toth	Vice president	1 Apr 2008	Other	2367197
Christine Grace Einkorn	Corporate secretary	1 Apr 2008	Other	4382895

Based in Bloomfield Hills

The principal office where New Simco, Inc. performs its advisory services is located at 3883 Telegraph Road, Suite 100, Bloomfield Hills, MI 48302 1432, 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 248-642-6640 or by fax 248-642-6741. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at www.lastingwealth.com.