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Marcum Financial Services
Client Solutions

Private Client Group - Wealth Tracking


Our mission is to help our clients achieve their own unique goals and objectives by helping them manage their assets, protect their wealth, and build their financial legacies. Our objective is to make a direct, positive financial impact on the lives of our clients.

We strive to meet and exceed client expectations with a disciplined investment process, objective recommendations, and regular, effective communication, all while protecting client privacy and confidentiality.

As independent professional advisors, we offer a personalized financial strategy, not a generic investment program. The strategies we employ will be based on your unique situation, your attitudes, preferences, and goals. It will be designed to account for changes in regulations, legislation, the market, and in your evolving goals and objectives, so that it can work for you at every stage of your development.

Find out more information about Marcum Financial.

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Account Aggregation Services

Our clients are expecting more and more to have one place to go where they can access and view all of their financial information, accounts and relationships. Marcum Financial Services provides a 360-degree view of all assets and liabilities regardless of where they hold them or who manages them.

Our Account Aggregation Services consolidate all of your financial information from many financial accounts and custodians into one convenient place.

  • Brokerage accounts,
  • Private equity and hedge funds,
  • Bank accounts, and
  • Credit card accounts.

The benefit of account aggregation is that you get a snapshot of your financial picture, to provide a longer glimpse at how accounts, managers, securities and relationships are performing. It eliminates the need to collect paper statements and manually key data into financial planning, performance reporting, and other systems.

We also give you the ability to easily retrieve account details, such as recent transactions, and customize your views and reporting based on your needs.

In addition, to simple consolidation of your financial reports, we analyze and monitor your accounts. We get transactional activity on a daily basis and use this to build an historical perspective on your accounts for an overview of performance over longer periods of time.

Advantages of Marcum Account Aggregation Services

  • Simplifies Communication
  • Accelerates Access to Data
  • Expands Scope of Monitoring and Management
  • Better Client Service
  • View of the "Whole Picture"
  • Hassle-free, with Automatic Data Updates
  • Delivers Value Added Service
  • Proactive Insight and Activity
  • Single Source Overseeing All Relationships
  • Secure Portal to View All Data and Reports

Services Offered


  • Client statements
  • Data aggregation that supports both holistic and family member specific reporting
  • More than 200 standard reports in both PDF and Excel formats
  • Net worth, asset allocation, and exposure reporting
  • Performance reporting
  • Secure client portal

Estate Planning

  • Analysis of Current Estate Plan
  • Life Insurance
  • Charitable Giving

Investment Management

  • Ability to transfer securities in, out or between accounts
  • Automatic integrations with banks, brokers, custodians and pricing sources
  • Complex ownership structures
  • Modeling and rebalancing functionality
  • Processing for multiple asset classes including marketable securities, alternatives, and personal assets
  • Summary dashboard with drill-through

Risk Management & Insurance Review

  • Life, Property, Casualty
  • Officers & Directors Liability
  • Excess Liability

Technology and Efficiency

In order to effectively manage all aspects of complex wealth, Marcum Financial Services utilizes a proprietary software platform that enables fully integrated support of relationship-specific functions. Electronic feeds with hundreds of leading banks and custodians enables the fully integrated support to effectively manage all aspects of complex wealth: from portfolio, complex partnership, and internal accounting capabilities to data aggregation, performance reporting and investment management. This architecture ensures that all personal and household finances are tightly aligned, which dramatically improves reporting accuracy and efficiency and provides flexibility to meet the unique financial information needs of wealthy families along with advisors who serve them.

To effectively communicate the complex wealth picture, we offer a web-based, mobile-enabled portal that pulls accounting, investment and performance data directly from the platform and translates the information into an interactive, dashboard-style display, with intuitive charts, graphs, and tables that drive client insight. Given the flexibility of the technology, clients are able to design their user experience based upon their specific interests and data requirements, creating an on-demand view of their complete wealth picture.

Continuity of Engagement Personnel

One way in which Marcum Financial Services strives to exceed expectations is through its commitment to continuity of staff on a year-to-year basis. We recognize that the relationship that develops between our professionals and our clients over time is integral in the delivery process. Since our professionals will be spending great amounts of time and effort learning about you and your family, providing continuity of staff makes good business sense to everyone involved. Therefore, the team you are assigned today, unless you request otherwise, is the team that will be routinely assigned to provide you service.

Scope of Services & Professional Fees

In today's economy, controlling costs are of paramount importance. Our goal is to keep costs at a minimum without compromising professional standards. Furthermore, our mission as a professional services organization is to be as efficient as possible, while delivering the highest quality services.

Our services for [PROSPECT] will encompass data aggregation, account reconciliation, and reporting for the following accounts:

  • Brokerage accounts
  • Bank accounts
  • Private equity accounts
  • Real estate LLC's

Data from all financial institutions will be downloaded via feeds and reconciled. Any holdings not maintained by a financial institution will be manually entered, based on account availability. A consolidated balance sheet and income statement will be issued reflecting FMV, cost basis, unrealized G/L and return on investments.

Fees for our services are as follows:

Initial set-up one-time charge: $3,500.

The initial set-up entails establishing the feeds with the financial institutions, creating a chart of accounts, portal training, establishing the balance forward and creating asset classes.

On-going monthly fees: $1,000.

This includes monthly downloads from financial institutions and related reconciliations; manual data entry for private investments; and preparation of monthly balance sheets, income statements, and performance reports available from the report library.

Out-Of-Pocket Expenses

The fees include all incidental out-of-pocket expenses, such as report preparation and reproduction, faxes, copying, etc. It does not include any non-incidental out-of-pocket expenses, such as travel, if required.

Raymond James is not affiliated with Black Diamond products or services.


Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

Marcum Financial Services, An Independent Practice

Marcum Financial Services is not a registered broker/dealer and is independent of Raymond James Financial Services, Inc. Member FINRA / SIPC. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc. and Marcum Financial Services, LLC.


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