City Center Advisors, LLC

City Center Advisors, LLC is a financial advisory firm based in Troy, MI, established in April 2015. The firm specializes in asset management services, offering discretionary asset management and unified managed account programs. Clients have the option to purchase insurance products through an affiliated company, City Center Financial, which is disclosed to mitigate conflicts of interest. The firm acts as a fiduciary, obligated to act in the best interests of clients. The minimum initial investment to open an account is generally $25,000, but this requirement can be waived at the firm's discretion. City Center Advisors charges an annual investment advisory fee based on total assets under management, with a maximum fee of 2%. Fees are billed monthly in arrears, and clients have the right to terminate services with a 30-day notice. The firm does not sponsor wrap fee programs. The investment strategy is based on Modern Portfolio Theory, with information from sources like Morningstar and SEC filings. Clients are provided with detailed risk assessments and investment objectives. The firm discloses potential risks associated with investments, such as market risk, interest-rate risk, and liquidity risk. The firm's principal executive officers, David Joel Hardin II, Frank Endris, and David Joel Hardin, have relevant certifications and extensive experience in the financial industry. They also engage in insurance sales and have affiliations with other businesses, with procedures in place to manage conflicts of interest. The firm's employees have clean disciplinary records and are subject to a Code of Ethics ensuring client interests are prioritized.