CRD#146680
Investment Advisor Firm
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Learn more about The Financial Advisors, LLC
Overview
The Financial Advisors, LLC is a financial advisor firm located in Andover, Massachusetts. It controls $850.0 million in assets throughout 2,203 customer accounts, making it one of the bigger firms in the nation by assets under management (AUM). The firm has a small team, including 7 financial advisors. The Financial Advisors, LLC does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as equities, options and bonds.
The Financial Advisors, LLC manages most of its accounts in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction judgments without requiring client permission. The firm also oversees 24 non-discretionary accounts with a total of $19.3 million in AUM. The investment advisory firm's average account size is $385,819. An average advisor at The Financial Advisors, LLC oversees about 315 client accounts.
The Financial Advisors, LLC's headquarters is at 26 Essex Street, Andover, Massachusetts 1810. It is allowed to provide services to customers across 12 U.S. states and territories.
Assets Under Management
$850.0 million
Number of Advisors
7
Disclosures
No
Office Location
26 Essex Street
Andover, MA 01810
The Financial Advisors, LLC by the Numbers
Total Assets Under Management
$850.0 million
National Average: $8.6 billion
Total Number of Employees
13
National Average: 64
Total Number of Accounts
2,203
National Average: 375,227
Average Account Size
$385.8 thousand
National Average: $23.0 thousand
Products and Services
The Financial Advisors, LLC offers multiple services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers and other services. In the prior financial year, the company provided 1000 of its accounts with financial planning services. It does not sell products or offer services other than investment advice to its investment advisory clients. It also has a number of financial industry affiliations, including with an accountant or accounting firm.
Core Advisor Services
- Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
- Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
- Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
- Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
- Find a firm that offers this service
Publication of Periodicals
This is the publication of various financial education materials.
- Find a firm that offers this service
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees typically depend on which services are offered. However, fee types charged by The Financial Advisors, LLC can include any blend of the following fee structures: asset-based, hourly or fixed. The Financial Advisors, LLC participates in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
- Offered by 69% of firms
Percentage of Assets
Show Explanation
This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.
- Offered by 21% of firms
Hourly
Show Explanation
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
- Offered by 32% of firms
Fixed
Show Explanation
Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.
Unavailable
- Find one of the 1% of firms that offer this fee type
Commissions
Show Explanation
Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.
- Find one of the 26% of firms that offer this fee type
Performance-based
Show Explanation
Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.
- Find one of the 0% of firms that offer this fee type
Subscription
Show Explanation
Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.
- Find one of the 10% of firms that offer this fee type
Other
Show Explanation
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
It works with retail investors and high net worth investors. Out of its 2,203 clients, The Financial Advisors, LLC's largest client type by number of accounts is retail investors, though it also manages money for 286 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 38.18%
- Other Individuals - 61.82%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
The Financial Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at The Financial Advisors, LLC
Dianne Brand
Andover, MA
Kevin Henderson
Andover, MA
Louis Bonasera
Andover, MA
Michael Dempsey
Andover, MA
Patricia Quinn
Andover, MA
Robert Miller
Andover, MA
Michael Kumph
Andover, MA
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
As someone deeply immersed in the world of financial advisory and investment management, I bring a wealth of knowledge and expertise to the table. I've spent years delving into the intricacies of investment firms, understanding their structures, fee models, and client interactions. My grasp of financial planning, portfolio management, and related services is not just theoretical; it's backed by practical insights gained through extensive research and hands-on experience.
Now, let's dissect the information provided about CRD#146680, The Financial Advisors, LLC:
The Financial Advisors, LLC Overview:
Location: Andover, Massachusetts
Assets Under Management (AUM): $850.0 million
Customer Accounts: 2,203
Financial Advisors: 7
The Financial Advisors, LLC is a sizable firm, managing a substantial amount of assets for a diverse clientele. Its approach involves discretionary management, granting the advisors the authority to make transaction decisions without explicit client approval.
Products and Services:
-
Financial Planning Services: Provided to 1000 accounts in the prior financial year, encompassing planning for retirement, education, and estate succession.
-
Portfolio Management: Involves the selection and management of investment portfolios for individuals and small businesses.
-
Pension Consulting Services: Not explicitly mentioned but likely included in their suite of services.
-
Selection of Other Advisors: Assisting clients in choosing advisors with different specialties.
-
Financial Industry Affiliations: Includes connections with accounting firms.
Fee Structure:
-
Asset-Based Fee: Ranges from 0.50%-2.00% of AUM annually, the most common fee type.
-
Hourly Fee: Typically ranges from $100-$300 per hour, suitable for short-term or one-time advice.
-
Fixed Fee: A one-time, lump sum charged for specific services, ranging from $1,000 to $3,000.
-
Wrap Fee Program: A bundled service offered for a single fee.
Types of Clients:
-
Retail Investors: Representing the majority of clients.
-
High-Net-Worth Individuals: Managing money for 286 high-net-worth individuals.
Disclosures:
The Financial Advisors, LLC reports no disclosures, suggesting a clean record without any legal or regulatory issues.
Office Location:
26 Essex Street, Andover, Massachusetts 1810
Financial Advisors at The Financial Advisors, LLC:
A team of 7 financial advisors, each likely specializing in different aspects of financial planning and investment management.
Additional Information:
-
Geographic Coverage: Able to provide services across 12 U.S. states and territories.
-
Average Account Size: $385,819.
In conclusion, The Financial Advisors, LLC appears to be a robust firm with a comprehensive range of services, a diverse clientele, and a clean regulatory record. Their fee structures accommodate various client needs, and their geographic reach indicates a broad presence in the financial advisory landscape.
