Palisades Hudson Asset Management, L.p.

Palisades Hudson Asset Management, L.P. was founded in November 1997 by Larry M. Elkin and offers investment advisory services to individuals, trusts, entities, and retirement plans. The firm provides three levels of investment advisory services: Performance Reporting, Active Management, and Trust Management. Their investment philosophy focuses on asset allocation and long-term, disciplined investing, aiming to balance growth and security through diversified portfolios. Palisades Hudson primarily uses mutual funds and ETFs for client investments, avoiding short-term trading strategies. The firm charges investment advisory fees based on assets under management, with a minimum monthly fee of $416.67. Clients may impose restrictions on investments, and the firm may negotiate fees for portfolios over $50 million. Palisades Hudson does not charge performance-based fees or conduct side-by-side management. The firm accepts discretionary authority to manage client accounts and provides monthly reports detailing holdings and transactions. Palisades Hudson does not receive soft dollar benefits and generally uses Charles Schwab or Fidelity for brokerage services. The firm may compensate solicitors for client referrals but does not accept commissions for selling securities. Clients' assets are held with qualified custodians, and the firm votes client securities if delegated proxy voting responsibilities. Palisades Hudson has not been involved in legal or disciplinary events and maintains financial stability. For more information, clients can contact the firm directly or visit the SEC's website.