Stephen Craig Schulmerich (Longboat Key)

Name: Stephen Craig Schulmerich
Address: 3030 Grand Bay Blvd., Longboat Key, FL, 34228
Telephone: 503-672-7750

Stephen Craig Schulmerich is a large advisory firm based in Longboat Key. It manages $135 million of regulatory assets for 715 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Oregon.

Stephen Craig Schulmerich provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stephen Craig Schulmerich: assets under management

The assets under management (AUM) of Stephen Craig Schulmerich is $135 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1127% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $135 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $188.81 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in other assets form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stephen Craig Schulmerich 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 Stephen Craig Schulmerich serves?

The only and largest group of clients of Stephen Craig Schulmerich is high net worth individuals with 157 clients and $135 million of assets under management. Among the 10 most similar advisory firms, Stephen Craig Schulmerich has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $135 million for 157 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.

Stephen Craig Schulmerich doesn't advise any private funds.

Careers at Stephen Craig Schulmerich

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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.

Stephen Craig Schulmerich is owned by Stephen Craig Schulmerich. Cco Stephen Craig Schulmerich joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Craig Schulmerich	Owner/chief compliance officer/managing member	1 May 1970	75% - 100%	415613
Cco Stephen Craig Schulmerich	Owner	1 May 1970	75% - 100%	415613

Based in Longboat Key

The principal office where Stephen Craig Schulmerich performs its advisory services is located at 3030 Grand Bay Blvd., Longboat Key, FL 34228, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 503-672-7750 or by fax 503-672-7699. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at schulmerichandassoc.com.