Modern Portfolio Management Inc (Holland)

Name: Modern Portfolio Management Inc
Address: 7429 International Drive, Holland, OH, 43528
Telephone: 419-861-1400

Modern Portfolio Management Inc is a large advisory firm based in Holland. It manages $493.52 million of regulatory assets for 2,053 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 13 other states.

Modern Portfolio Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Modern Portfolio Management: assets under management

The assets under management (AUM) of Modern Portfolio Management Inc is $493.52 million. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $154.61 million in discretionary accounts and $338.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $311.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $217.81 thousand.

Modern Portfolio Management has custody of $38.93 million in cash and securities for 89 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Modern Portfolio Management Inc 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 Bryan Frederick Ohm serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Bryan Frederick Ohm is high net worth individuals with 225 clients and $331.81 million of assets under management. Among the 10 most similar advisory firms, Modern Portfolio Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $493.52 million for 1,020 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.

Modern Portfolio Management doesn't advise any private funds.

Careers at Modern Portfolio Management Inc

The company employs 24 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people 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.

Bryan Frederick Ohm has been acting as President since 1 Mar 1995. Christine Elevich Ohm joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas George Damasco	Ceo	1 Mar 1995	25% - 50%	1000231
Bryan Frederick Ohm	President	1 Mar 1995	25% - 50%	723664
George Thomas Damasco	Director and ceo	1 Mar 1995	25% - 50%	1000231
Danny Creighton	Shareholder	1 Oct 1996	25% - 50%	2599727
Jennifer L Rogers	Chief compliance officer	1 Sep 2001	Other	4656645
Robert Steven Zuccarro	Director	1 Mar 2003	25% - 50%	4240378
Lori Michelle Freed	Vice president	1 Mar 2003	Other	2131475
Miriam Indig Katz	Assistant secretary	1 Mar 2003	Other	2075033
Renee R. Noack	Assistant secretary	1 Mar 2003	Other	4771494
National Financial Partners Corporation	Shareholder	1 Mar 2003	75% - 100%	13-4029115
Robert Steven Zuccaro	Director	1 Mar 2003	Other	4240378
Lori Michelle Lieser	Vice president	1 Mar 2003	Other	2131475
Brett Ronald Schneider	Director	1 Jan 2009	Other	5636953
Mpm Wealth Advisors Inc.	Management company	1 Dec 2009	75% - 100%	27-1465327
Sean Scott Shinaberry	Cfo	1 Jan 2010	Other	4669676
George Thomas Damasco	Cco	1 Nov 2012	50% - 75%	1000231
Christine Elevich Ohm	Cco	1 Nov 2013	Other	6274232

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.P. Apollo Investment Fund Iv	Shareholder	1 Mar 2003	25% - 50%	13-3985622
L.P. Apollo Advisors Iv	General partner	1 Mar 2003	Other	13-3582975
Inc. Apollo Capital Management Iv	General partner	1 Mar 2003	Other	13-3983721
George Thomas Damasco	Ceo	1 Dec 2009	50% - 75%	1000231
Bryan Frederick Ohm	President	1 Dec 2009	50% - 75%	723664

Based in Holland

The principal office where Modern Portfolio Management Inc performs its advisory services is located at 7429 International Drive, Holland, OH 43528, which is also the mailing address of the firm. An additional office of the firm is in Southfield, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 419-861-1400 or by fax 419-893-8024. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at modernportfoliomgt.com.