The MAGNOLIA FINANCIAL PLANNING SERVICES is a privately held investment adviser that advises $230.25mn in regulatory assets under management held in 1 SEC fund types across 1 investment strategies. MAGNOLIA FINANCIAL PLANNING SERVICES is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 65.5% over the last 5-years.
The Group has been registered with the SEC for 7.62 years and is comprised of 1 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 414 OLD CLEMSON HIGHWAY, SENECA, SOUTH CAROLINA. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 4 employees comprised of 3 investment and 1 non-investment staff. The total number of Employees remained the same over the last few years.
Their $230.25mn in assets advised are owned by 3 private funds, 0 public funds and BDCs and 0 other accounts. Assets of High Net Worth Individuals clients own $160.28mn or 69.61% of Total Assets and Individuals own $49.11mn or 21.33% of Total Assets.
The Group's top investment strategies include FI/Credit - Diverse, representing 100% of total assets, respectively.
They advise 3 types of clients, top clients are High Net Worth Individuals and Individuals.
The Group uses 1 Fund Administrators, 1 Fund Auditors, 1 Prime Brokers, 1 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees and performance-based fees.
MAGNOLIA FINANCIAL PLANNING SERVICES names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.