Fairport Advisors, Inc

CRD#117177
Investment Advisor Firm

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Overview

Fairport Advisors, Inc is an advisory firm based in Scottsdale, Arizona. Fairport Advisors, Inc administers $10.8 million in assets under management throughout 55 client accounts. The company has a small group of one employee who is a financial advisor. Fairport Advisors, Inc is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are tradable financial investments such as bonds, options and stocks.

Fairport Advisors, Inc oversees the majority of its accounts on a discretionary basis. Discretionary management signifies that transaction choices for the client's account are made by an investment advisor without needing client permission. The firm also has 20 non-discretionary accounts totaling $5.0 million in AUM. The firm's typical account size is $195,455. 6000000 of their financial planning investments were in securities, with under $100,000 invested in non-securities. The average advisor at Fairport Advisors, Inc manages around 55 client accounts, placing it towards the middle in terms of personalization.

The company's central office is at 14358 N. Frank Lloyd Wright Blvd, Scottsdale, Arizona 85260. The firm is registered to provide services to clients across a number of states, including Connecticut, Florida and New York.

Assets Under Management

$10.8 million

Number of Advisors

1

Disclosures

No

Office Location

14358 N. Frank Lloyd Wright Blvd
Scottsdale, AZ 85260

Fairport Advisors, Inc by the Numbers

Total Assets Under Management

$10.8 million

National Average: $3.3 billion
Total Number of Employees

1

National Average: 31
Total Number of Accounts

55

National Average: 1,935
Average Account Size

$195.5 thousand

National Average: $1.7 million

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Products and Services

Fairport Advisors, Inc offers multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the last fiscal year, the company provided 1-10 of its customers with financial planning services. The company is not engaged in selling products or offering services aside from investment advice to its investment advisory clients. It is affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer.

Core Advisor Services

  • Offered by 44% 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 61% 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

  • Offered by 23% of firms

    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.

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    Educational Seminars/Workshops

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

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Fee Structure

Financial management fees depend on the financial services provided. However, fees charged by the company can include some combination of the following fee types: asset-based, hourly, fixed, commission-based or other. Fairport Advisors, Inc does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee. The firm has the ability to withdraw its expenses directly from customer accounts.

Available

  • Offered by 72% 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 35% 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 2% of firms

    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.

  • Offered by 39% 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.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 17% 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 1% 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.

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Disclosures

Fairport Advisors, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Fairport Advisors, Inc

Alan Oehrig
Scottsdale, AZ
Sara Hudson
Scottsdale, AZ
Jeffrey Savelle
Cheshire, CT
Leon Cherniavsky
New York, NY
Barry Giske
Boca Raton, FL
Patrick Conway
Scottsdale, AZ

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This content was compiled from the SEC and FINRA