Independent Financial Advisors, Inc

CRD#115798
Investment Advisor Firm

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

    • Overview

    Independent Financial Advisors, Inc operates as a financial advisory firm based in Maumelle, Arkansas. The firm controls $12.3 million in total assets across 57 customer accounts. The firm has a small group of two employees, all of whom are financial advisors. Independent Financial 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 defined as exchangable fiscal assets such as equities, options and bonds.

    Independent Financial Advisors, Inc manages the majority of the company's client assets in a discretionary manner. Discretionary management signifies that buy and sell decisions for the client's account are made by a portfolio manager without needing client approval. The firm also oversees one non-discretionary accounts with a total of $2.2 million in AUM. The company administers roughly $216,614 in assets for every account. 30000000 of their investments for financial planning services were in securities, with under $100,000 placed in non-securities. An average advisor at Independent Financial Advisors, Inc oversees about 29 client accounts, making it about average in terms of personalization.

    The firm's central office is located at 8412 Counts Massie Road, Maumelle, Arkansas 72113. It is legally permitted to serve customers throughout 3 states, including Arkansas, Mississippi and Texas.

    Assets Under Management

    $12.3 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    8412 Counts Massie Road
    Maumelle, AR 72113

    Independent Financial Advisors, Inc by the Numbers

    Total Assets Under Management

    $12.3 million

    National Average: $3.7 billion
    Total Number of Employees

    2

    National Average: 29
    Total Number of Accounts

    57

    National Average: 2,073
    Average Account Size

    $216.6 thousand

    National Average: $1.8 million

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    Products and Services

    Financial services that Independent Financial Advisors, Inc offers include financial planning services and portfolio management for individuals and small businesses. In the last financial year, the firm provided financial planning services to 11-25 of its customers. Independent Financial Advisors, Inc does sell products or offer services different than investment advisory services to its customers. The firm also has a number of financial industry affiliations, including with an accountant or accounting firm.

    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 62% 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

    Fees for financial management typically are based on which services the firm provides the client. Fees billed by Independent Financial Advisors, Inc may include any combination of the following fee types: asset-based or hourly. Independent Financial Advisors, Inc does not provide a wrap fee program, in which the company offers a service bundle for a comprehensive fee. The company can withdraw the charges directly from client funds.

    Available

    • Offered by 74% 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.

    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 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.

    • Find one of the 40% 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 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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    Types of Clients

    It provides services to retail investors and high net worth investors. Out of its 57 accounts, Independent Financial Advisors, Inc's biggest client is retail investors, but it also manages money for six high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 16.22%
    • Other Individuals - 83.78%
    • 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

    Independent Financial Advisors, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Independent Financial Advisors, Inc

    John Mueller
    Maumelle, AR
    Clifford Veach
    Maumelle, AR

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    This content was compiled from the SEC and FINRA