Canterbury Investment Advisors LLC

CRD#295652
Investment Advisor Firm

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Learn more about Canterbury Investment Advisors LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Canterbury Investment Advisors LLC operates as a financial advisory firm based in Birmingham, Alabama. The firm administers $29.0 million in assets throughout 22 customer accounts. The firm has a small team of one employee who is a financial advisor. Canterbury Investment Advisors LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are tradable fiscal investments like options, bonds and equities.

    Canterbury Investment Advisors LLC manages none of the company's client assets in a discretionary manner. Discretionary management is a structure in which transaction choices for the client's account are made by a portfolio manager without needing the client's authorization. The company also oversees 22 non-discretionary accounts with a total of $29.0 million in assets under management. The company's average account size is $1.3 million. $100,001 to $500,000 of their financial planning investments were in securities. The average financial advisor at Canterbury Investment Advisors LLC oversees around 22 client accounts, making it one of the more individualized firms in the country.

    The company's central office is located at 400 Office Park Drive, Birmingham, Alabama 35223. Canterbury Investment Advisors LLC is legally allowed to serve clients in the state of Alabama.

    Assets Under Management

    $29.0 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    400 Office Park Drive
    Birmingham, AL 35223

    Canterbury Investment Advisors LLC by the Numbers

    Total Assets Under Management

    $29.0 million

    National Average: $9.0 billion
    Total Number of Employees

    1

    National Average: 71,771
    Total Number of Accounts

    22

    National Average: 4,329
    Average Account Size

    $1.3 million

    National Average: $2.1 million
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    Products and Services

    Financial services that Canterbury Investment Advisors LLC provides include portfolio management for individuals and small businesses and educational seminars. In the prior fiscal year, it provided 1-10 of its clients with financial planning services. Canterbury Investment Advisors LLC is not involved in selling products or offering services aside from investment advice to its investment advisory clients.

    Core Advisor Services

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      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 47% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 7% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors vary depending on the type of services provided. However, fee types charged by the company typically consist of the following fee types: asset-based. The firm does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee. The company is able to withdraw its expenses directly from client funds.

    Available

    • Offered by 70% 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.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      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.

    • 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 33% of firms that offer this fee type

      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.

    • 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.

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    Types of Clients

    The company works with retail investors and high net worth investors. Out of its 22 customers, Canterbury Investment Advisors LLC's largest client group is retail investors, though it also caters to five high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $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 accounts reside abroad.

    • High-Net-Worth Individuals* - 41.67%
    • Other Individuals - 58.33%
    • 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

    Canterbury Investment Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Canterbury Investment Advisors LLC

    Paul Abele
    Birmingham, AL

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