Fis Group, Inc. (Philadelphia)
Fis Group, Inc. Is a Large Advisory Firm Based in Philadelphia. It Manages $5.23 Billion of Regulatory Assets for 23 Client Accounts. It Has Been Registered...
Fis Group, Inc. is a large advisory firm based in Philadelphia. It manages $5.23 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Illinois, New York, and Pennsylvania.
Fis Group provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, 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.
Fis Group: assets under management
The assets under management (AUM) of Fis Group, Inc. is $5.23 billion. The firm's AUM has grown by 648% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $4.7 billion in discretionary accounts and $530.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $265.23 million.
Fis Group has custody of $594.89 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.
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Investments
The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.
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