Family Investment Management provides investment management and financial planning services to individuals, high net worth clients, businesses, and retirement plans. Founded in 2011 and led by Philip Spencer, the firm uses a combination of proprietary computer algorithms, fundamental analysis, and technical analysis to actively manage portfolios utilizing mutual funds and exchange-traded funds. Investment strategies include strategic and tactical asset allocation as well as Modern Portfolio Theory. In addition to portfolio management, Family Investment Management offers financial planning and consulting covering budgetary, tax, estate, and business concerns. The firm operates with no account minimums and custody of client assets is maintained through independent firms like LPL Financial.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.0M | 2.50% |
| $2.0M - $3.0M | 2.25% |
| $3.0M - $4.0M | 2.00% |
| $4.0M - $5.0M | 1.75% |
| $5.0M - $6.0M | 1.50% |
| $6M+ | 1.50% |
Fees are negotiable on an individual client basis. Fees for amounts over $6,000,000 are fully negotiable.