Reitz Capital Advisors LLC (Freeland)

Name: Reitz Capital Advisors LLC
Address: 5786 Midland Rd, Freeland, MI, 48623
Telephone: (989) 791-3693

Reitz Capital Advisors LLC is a large advisory firm based in Freeland. It manages $108.21 million of regulatory assets for 679 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Michigan.

Reitz Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, and consultation services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Reitz Capital Advisors: assets under management

The assets under management (AUM) of Reitz Capital Advisors LLC is $108.21 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $108.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $159.37 thousand each.

Reitz Capital Advisors has custody of $44.77 million in cash and securities for 191 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in investment and business development companies form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Reitz Capital Advisors LLC for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Reitz Capital Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Reitz Capital Advisors is individuals with 229 clients and $54.21 million of assets under management. Among the 8 most similar advisory firms, Reitz Capital Advisors has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $108.21 million for 263 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Reitz Capital Advisors doesn't advise any private funds.

Careers at Reitz Capital Advisors LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Joseph Reitz	Member and chief compliance officer	1 Jun 2013	75% - 100%	5101409

Based in Freeland

The principal office where Reitz Capital Advisors LLC performs its advisory services is located at 5786 Midland Rd, Freeland, MI 48623, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (989) 791-3693 or by fax AVAIL ON REQUEST. The normal business hours are 9:00 - 5:00 (e.t.) on Monday - Friday. You can find more information about the New York firm at reitzfg.com.