Genesis Financial Advisors

CRD#144693
Investment Advisor Firm

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Overview

Genesis Financial Advisors is an advisory company based in Scottsdale, Arizona. The firm has $2.0 million in assets over 15 accounts. Genesis Financial Advisors is not a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial assets such as equities, bonds and options.

Genesis Financial Advisors oversees all of its client assets in a discretionary manner. Discretionary management signifies that buy and sell judgments are made by an investment advisor without needing to seek client approval. Genesis Financial Advisors's average account size is $133,333. $1,000,001 to $2,500,000 of their investments for financial planning services were in securities, with under $100,000 placed in non-securities.

The firm's headquarters is located at 8723 E Via De Commercio, Scottsdale, Arizona 85258-3588. It is legally permitted to serve investors in the state of Arizona.

Assets Under Management

$2.0 million

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: 1,935
Average Account Size

$133.3 thousand

National Average: $1.7 million

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Products and Services

Genesis Financial Advisors offers a number 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, Genesis Financial Advisors provided 1-10 of its accounts with financial planning services. The firm does not sell products or offer services other than investment advisory services to its investment advisory accounts.

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.

  • 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

A financial advisor's fees largely depend on the type of financial services provided. However, fees charged by the firm most likely include the following fee types: asset-based, hourly, fixed or performance-based. The company does not supply a wrap fee program, in which the firm offers a bundle of services for a single fee. The firm has the ability to withdraw its expenses directly from client 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 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 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.

Unavailable

  • Find one of the 2% 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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Financial Advisors at Genesis Financial Advisors

Roger Simard
Scottsdale, AZ

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This content was compiled from the SEC and FINRA