City Center Advisors Review
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January 4th, 2022
City Center Advisors, registered in 2015, serves 14 state(s) with a licensed staff of 12 advisors. City Center Advisors manages $71.0 million and provides investment advisory services for 412 clients (1:35 advisor/client ratio).
Firm Information
| Summary | Firm |
| Overall Rating | |
| Minimum Investment | $25,000 |
| Average Client Balance | $172,399 |
| Total AUM | $71.0 million |
| Fee Range | We offer fee for planning, at $250 per hour. For clients who would like that fee waived, investment management fees may cover planning costs. Fees range from 0.50% to 1.2% dependent upon investment strategies implemented. |
| Advisor / Client Ratio | 1:35 |
| Languages Offered | English |
| Specialities | Retirement Planning, Retirees, Tax Planning, Investment Planning and Management |
| Website | Visit Site |
| Phone Number | 888-267-1321 |
| Headquarters | East Lansing, MI |
| Locations | See locations |
| Visit Profile | |
| Visit Profile | |
| SEC Filings | View SEC IAPD CRD #203513 |
Investment Philosophy
City Center Advisors is a Retirement Planning Firm. Our clientele and specialization are in the realm of retirement planning and the specific needs that retirees have. Our proprietary planning process, proprietary software solution (Retirement DefenderTM), and focus on retirement research gives our client’s the retirement-ready portfolios that help them retire with confidence.
Disciplinary Questions
After checking the disciplinary records of City Center Advisors, our system found no disciplinary questions to ask. Checks take place monthly.
Conflict Questions
After checking the regulatory records of City Center Advisors, our system has identified the following question(s) to ask. Learn more.
Does City Center Advisors accept soft-dollar benefits? How do these benefits affect the firm’s selection of a broker-dealer partner?
City Center Advisors receives soft-dollar benefits that could incentivize them to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best trade execution for their clients.
Which securities does City Center Advisors trade for itself that it will also be recommending to me?
City Center Advisors has marked in their disclosures that they trade recommended securities. While this often can be seen as "eating your own cooking," there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold (or have sold short) that they will also be recommending to you.
Our system found no other conflict questions to ask. Checks take place monthly.
Disciplinary History
An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.
As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for City Center Advisors:
Cost
Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.
Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").
FAQs
What services can City Center Advisors provide?
As a financial advisory firm, City Center Advisors can provide a variety of financial planning services for Americans. Financial advisors help you achieve your life goals, e.g., saving for retirement, by creating a comprehensive financial plan and managing your investment portfolio (e.g., stocks, ETFs, mutual funds, bonds).
Financial planning services can include tax planning, estate planning, retirement planning, or life-based event planning such as saving for college, getting married, purchasing a home, paying down debt, or planning an inheritance.
Where is City Center Advisors headquartered? Which states do its financial advisors serve?
City Center Advisors is headquartered in East Lansing, MI and currently serves in 14 states: California, Colorado, Florida, Georgia, Indiana, Maryland, Massachusetts, Michigan, New Jersey, Ohio, Pennsylvania, Texas, Virginia, Wisconsin.
What is the average client balance at City Center Advisors?
While City Center Advisors advises clients across a variety of portfolio sizes, the average client balance is currently $172,399. In total, City Center Advisors manages $71,028,627 in assets.
What is the historical performance of City Center Advisors?
The SEC, nor FINRA, tracks portfolio performance metrics for the financial planning industry. As a result, unlike hedge funds, there is no historical performance for any financial advisory firm. Financial plans and investment portfolios are always unique to the client's personal financial situation.
Can I write a review of City Center Advisors or file a complaint?
investor.com relies on regulatory data from the SEC to rate and review financial advisor firms. As a result, we do not support personal reviews on the site. To file a complaint or dispute with this firm, please fill out the SEC Investor Complaint Form.
Other Firms
ETF Model Solutions, Patrick Mauro Investment Advisor, R.W. Roge & Company, Crimmins Wealth Management
This automated report was generated using SEC and FINRA data and was last updated on January 4th, 2022*. For data support, email "support@investor.com". Views: 380 (trailing six months). Firms that receive a 4.5 or 5-star rating are considered Trusted by investor.com. Learn more.
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