Kroon & Mitchell Asset Management LLC
Assets Under Management
$192.7M
Number of Clients
304
Number of Advisors
3
Average Client AUM
$634K
AUM per Advisor
$64.2M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Kroon & Mitchell Asset Management, LLC offers portfolio management services based on client goals, pension consulting services, and financial planning. They create an Investment Policy Statement for each client. The firm generally limits its investment advice to mutual funds, equities, fixed income securities, ETFs, real estate funds, commodities, and non-U.S. securities.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 0.90% |
| $500K - $1.0M | 0.80% |
| $1.0M - $2.0M | 0.70% |
| $2.0M - $15.0M | 0.60% |
| $15.0M - $100.0M | 0.50% |
| $100M+ | 0.50% |
Fees are generally negotiable.
Fee Estimator
Kroon & Mitchell charges an annual fee based on assets under management, billed quarterly in arrears. For example, a client with $1,000,000 in assets would pay (0.90%/4 = 0.225%) on the first $500,000.00, and the next $500,00.00 (0.80%/4 = 0.20%). Hourly financial planning fees range from $150 to $300 and are paid via check. There is a minimum account size of $500,000 for both portfolio management and pension consulting, which may be waived at the firm's discretion. Fees are generally negotiable.
Areas of Practice
Location
29 Pearl Street Nw, Ste 400, Grand Rapids, MI, 49503