Advanced Financial Strategies Inc

CRD#108296
Investment Advisor Firm

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Learn more about Advanced Financial Strategies Inc

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

    • Overview

    Advanced Financial Strategies Inc operates as a financial advisor company that has its headquarters in Irvine, California. Advanced Financial Strategies Inc controls $211.7 million in assets under management throughout 406 accounts, making it a mid-tier firm in the nation by assets under management (AUM). Advanced Financial Strategies Inc has a small team, including 4 financial advisors. Advanced Financial Strategies Inc is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as equities, options and bonds.

    Advanced Financial Strategies Inc manages more than half of the firm's client assets on a discretionary basis. Discretionary management signifies that buy and sell judgments for the client's account are made by a portfolio manager without needing the customer's authorization. The firm also manages eight non-discretionary accounts totaling $813,903 in assets under management. The firm manages roughly $521,429 for each customer account. The average financial advisor at Advanced Financial Strategies Inc oversees about 102 client accounts.

    The company's central office is located at 5 Hubble, Irvine, California 92618. The company is legally permitted to provide services to customers throughout a number of states, including California and Texas.

    Assets Under Management

    $211.7 million

    Number of Advisors

    4

    Disclosures

    No

    Office Location

    5 Hubble
    Irvine, CA 92618

    Advanced Financial Strategies Inc by the Numbers

    Total Assets Under Management

    $211.7 million

    National Average: $8.6 billion
    Total Number of Employees

    6

    National Average: 64
    Total Number of Accounts

    406

    National Average: 375,227
    Average Account Size

    $521.4 thousand

    National Average: $23.0 thousand
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    Products and Services

    Advanced Financial Strategies Inc provides a number of financial services, including financial planning services, portfolio management for individuals and small businesses, selection of other advisers and other services. In the past financial year, it provided financial planning services to 1-10 of its accounts. It does sell products or offer services different than investment advice to its clients. The company also has a number of financial industry affiliations, including with an insurance company or agency and real estate broker or dealer.

    Core Advisor Services

    • Offered by 31% 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 46% 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

    • Offered by 20% 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 largely are based on the type of services offered. However, fees charged by the company most likely consist of any combination of the following fee structures: asset-based or hourly. Advanced Financial Strategies Inc does not supply a wrap fee program, in which the company offers a service bundle for a single fee.

    Available

    • Offered by 69% 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 21% 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 1% 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 26% 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 0% 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 32% 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 10% 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 406 accounts, Advanced Financial Strategies Inc's biggest client group is high net worth investors, though it also manages money for 88 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are non-U.S. persons.

    • High-Net-Worth Individuals* - 60.69%
    • Other Individuals - 39.31%
    • 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

    Advanced Financial Strategies Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Advanced Financial Strategies Inc

    Patricia Vasquez
    Irvine, CA
    Jonathon Nguyen
    Irvine, CA
    Pierre Ngo
    Irvine, CA

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