Genesis Financial Advisors

CRD#144693
Investment Advisor Firm

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Overview

Genesis Financial Advisors is an advisory company headquartered in Scottsdale, Arizona. It administers $2.0 million in assets across 15 client accounts. Genesis Financial Advisors is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial assets like options, bonds and stocks.

Genesis Financial Advisors manages all of the firm's accounts in a discretionary manner. Discretionary management is a structure in which buy and sell judgments are made by an investment advisor without requiring client approval. The investment advisory firm supervises an average of $133,333 for each client account. $1,000,001 to $2,500,000 of its investments for financial planning services were in securities, with under $100,000 invested in non-securities.

The firm's headquarters is at 8723 E Via De Commercio, Scottsdale, Arizona 85258-3588. The company is legally allowed to serve customers in the state of Arizona.

Assets Under Management

$2.0 million

Fee Structure

Asset-based, Hourly, Fixed, Performance-based

Disclosures

No

Office Location

8723 E Via De Commercio
Scottsdale, AZ 85258-3588

Genesis Financial Advisors by the Numbers

Total Assets Under Management

$2.0 million

National Average: $3.3 billion
Total Number of Accounts

15

National Average: 2,522
Average Account Size

$133.3 thousand

National Average: $1.3 million

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Products and Services

Genesis Financial Advisors offers a variety of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and pension consulting services. In the last financial year, it provided financial planning services to 1-10 of its accounts. Genesis Financial Advisors is not involved in selling products or offering services apart from investment advisory services to its investment advisory accounts.

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.

  • 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

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Fee Structure

Financial advisory fees usually are based on the type of services provided. Fee types charged by Genesis Financial Advisors most likely are comprised of the following fee structures: asset-based, hourly, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Genesis Financial Advisors. The company has the ability to withdraw its charges 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 17% of firms

    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.

  • 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.

Unavailable

  • Find one of the 3% 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 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.

  • Find one of the 12% 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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Disclosures

Genesis Financial Advisors does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA