Philip Frank is a registered investment advisor at Family Manage LLC, based in New York, NY, with 21 years of industry experience. Philip operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 742 clients with $4.4B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 2.00% |
| $1.0M - $5.0M | 1.50% |
| $5M+ | 1.00% |
These fees apply to common stocks, convertible preferred shares, Third-Party Managers and TAMPs, and all other equity-type assets managed by FM. For bonds, cash, and other fixed income securities, the annual fee is: Under $1,000,000: 1.00%, $1,000,000 - $5,000,000: 0.75%, $5,000,000 - $10,000,000: 0.50%, Over $10,000,000: 0.40%. For retirement plan accounts, FM charges a level advisory fee of 1% of the account value. Fees may be negotiable.
Fee Estimator
Location
155 E. 44th Street, 21st Floor, New York, NY, 10017
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Philip is also an employee of Family Management Corporation, a registered investment adviser.
Employment History
Current Registrations
Family Manage LLC
Previous Registrations
Family Management Securities, LLCBroker
Constellation Wealth Advisors LLCBroker
Crown Financial Group, INC.Broker
State Registrations1 state
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