Ferris Financial Services, L.L.C.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$29,205,796
Total clients
30
17% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
30
Average account size
$973,527
About
Ferris Financial Services provides discretionary asset management and comprehensive financial planning primarily for individual and high-net-worth clients, overseeing roughly $29.2 million across about 30 client accounts. Services include tailored portfolio management, written financial-planning recommendations, and ongoing monitoring with periodic meetings and check-ins.
The firm’s investment approach relies on fundamental analysis to build client-specific strategies and uses discretionary trading authority that can include trading, option strategies (including covered and uncovered writing), and fixed-income allocations; accounts are reviewed at least quarterly for rebalancing and tax-loss harvesting opportunities. Custody is maintained through a single custodian (Charles Schwab), and the firm bills asset-management fees on a tiered/blended basis while financial-planning services are offered under a fixed annual fee billed monthly in advance.
Notable operational features include that the principal spends a material portion of time (approximately 40%) on affiliated businesses as an insurance agent and tax advisor and may receive commissions for insurance products, a disclosed conflict of interest. The firm also does not aggregate trades across client accounts, does not vote client proxies, and discloses receipt of custodial “soft-dollar” benefits — practices that differ from many peers and that prospective clients should evaluate.
Client services
Expertise
Occupation focus
Fee options
$0 - $100,000: 1.00% annually $100,000.01 - $250,000: 0.70% annually $250,000.01 - $500,000: 0.65% annually $500,000.01 - $1,000,000: 0.60% annually $1,000,000.01 - $2,500,000: 0.55% annually $2,500,000.01 - $5,000,000: 0.40% annually $5,000,000.01 - $10,000,000: 0.30% annually $10,000,000.01+: 0.20% annually
Insurance product commissions received by investment advisor representatives as licensed insurance agents
Fee-only: Fixed annual fee for financial planning $600 - $1,800 per year, paid monthly in advance
Main office location
Ferris Financial Services, L.L.C.
4300 W. Sugnet Rd.
Midland MI 48640, United States
Number of offices
1
Most active in
Michigan
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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