Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Portfolio Management for Businesses or Institutional Clients
- Selection of Others Advisors
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
Private Client Services, LLC Overview
PRIVATE CLIENT SERVICES, LLC is a fee-based investment advisory firm that has been operating out of its headquarters in Louisville, KY since 2010. The firm is registered with the necessary authorities as a broker-dealer as well as an insurance broker/agent, in addition to providing investment advice. It is a well-established financial services firm that caters to the investment needs of a diverse clientele. PRIVATE CLIENT SERVICES, LLC offers a range of services to its clients that include financial planning and portfolio management for both individuals and small businesses. The firm also provides portfolio management for businesses or institutional clients, which includes the selection of other advisors. The firm's advisory services are comprehensive, covering a wide range of investment vehicles that are suited to different investors' needs and risk appetites. To help its clients stay informed and make informed investment decisions, PRIVATE CLIENT SERVICES, LLC also provides educational seminars and workshops. These events are designed to educate investors on different investment strategies, market trends, and other relevant topics. These seminars and workshops are conducted by seasoned investment professionals and are an excellent way for the firm to engage with its clients and help them navigate the complex world of investing.
PRIVATE CLIENT SERVICES, LLC serves a variety of clients across different demographics, but chiefly focuses on individuals seeking financial advice and asset management services. The firm caters to diverse clients ranging from high net worth individuals to retirees and recent graduates. Their clients usually are individuals seeking long-term and high-quality financial advice to attain their personal financial goals. Additionally, the firm works with clients from all walks of life who require financial aid, guidance, and solutions to a range of financial issues. Regarding fee structures, PRIVATE CLIENT SERVICES, LLC offers different options based on the services offered to customers. The firm charges a percentage of assets under management (AUM) fees for asset management services. Percentages are typically tiered downwards based on the amount of assets managed. For other services, such as financial planning or consulting, clients can choose to pay hourly rates in exchange for hours worked by the professionals. Lastly, clients may also opt for fixed fees for specific services that typically have consistent deliverables such as tax preparation or ongoing investment advice. Overall, PRIVATE CLIENT SERVICES, LLC provides an excellent mix of fee options, allowing clients to choose a pricing structure that fits their individual needs.
Typical Clients, Fee Structures & Investment Minimum
According to PRIVATE CLIENT SERVICES, LLC's Part 2 Brochure, there is no mention of an investment minimum.
How This Office Can Help Tiburon, CA Residents
Private Client Services Inc provides a range of financial services and investment solutions designed to help clients in Tiburon, CA navigate their unique financial situations. Tiburon is a wealthy, coastal town located in Marin County, which means many clients may have acquired significant assets and investments over time. This requires careful planning, investment management, and estate planning to ensure their wealth is protected and maximized. Private Client Services Inc assists clients in Tiburon, CA by offering personalized financial planning services that are tailored to each client’s specific financial goals and objectives. From retirement planning and wealth management to tax planning and estate planning, their team of experienced professionals work with clients to create customized solutions to help them achieve their financial goals. They also provide access to a wide range of investment options, including alternative investments, to help clients diversify their portfolios and mitigate risks. Whether an individual is looking to grow their wealth, protect their assets, or transfer wealth to future generations, Private Client Services Inc has the expertise and resources to help them achieve their financial goals.
Services Offered by Private Client Services, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Private Client Services, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Private Client Services, LLC is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
Disciplinary History
Private Client Services, LLC does not have any disclosures. Please visit it's Form ADV for more details.