Fairport Advisors, Inc

CRD#117177
Investment Advisor Firm

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Overview

Fairport Advisors, Inc is an advisory company that has its headquarters in Scottsdale, Arizona. The firm controls $10.8 million in total assets over 55 accounts. Fairport Advisors, Inc has a small group of one employee who is a financial advisor. Fairport Advisors, Inc is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal assets like equities, bonds and options.

Fairport Advisors, Inc administers 35 of its accounts on a discretionary basis. Discretionary management signifies that buy and sell decisions for the client's account are made by an investment advisor without requiring the client's approval. It also manages 20 non-discretionary accounts with a total of $5.0 million in AUM. Fairport Advisors, Inc oversees about $195,455 for each client account. $6,000,000 of its financial planning investments were in securities, with under $100,000 invested in non-securities. The typical advisor at Fairport Advisors, Inc manages about 55 client accounts, placing it towards the middle in terms of personalization.

The firm's main office is located at 14358 N. Frank Lloyd Wright Blvd, Scottsdale, Arizona 85260. The firm is legally allowed to provide services to customers across 4 states, including California, Connecticut, Florida and New York.

Assets Under Management

$10.8 million

Number of Advisors

1

Fee Structure

Asset-based, Hourly, Fixed, Commission-based, Other

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: 4,943
Total Number of Accounts

55

National Average: 2,522
Average Account Size

$195.5 thousand

National Average: $1.3 million

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Products and Services

Fairport Advisors, Inc provides a number of 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 prior fiscal year, the firm provided 1-10 of its clients with financial planning services. It is not engaged in selling products or offering services other than investment advisory services to its investment advisory clients. The firm also has a number of financial industry affiliations, including with a broker-dealer or securities dealer.

Core Advisor Services

  • Offered by 45% 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 63% 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.

  • 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.

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Fee Structure

Financial advisory fees usually vary depending on the services offered. Fees charged by the firm most likely include the following fee structures: asset-based, hourly, fixed, commission-based or other. The firm does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive fee. It has the ability to withdraw its expenses directly from client accounts.

Available

  • Offered by 75% 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 37% 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 3% 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 40% 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

Barry Giske
Boca Raton, FL

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This content was compiled from the SEC and FINRA