Advanced Financial Strategies Inc

CRD#108296
Investment Advisor Firm

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Overview

Advanced Financial Strategies Inc is a financial advisory firm that has its headquarters in Irvine, California. The firm has $208.2 million in assets over 439 customer accounts, making it a mid-tier financial advisory firm in the country by assets under management (AUM). Advanced Financial Strategies Inc has a small team of four employees, all of whom are financial advisors. Advanced Financial Strategies Inc does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as bonds, equities and options.

Advanced Financial Strategies Inc manages 420 of its accounts in a discretionary manner. Discretionary management means that buy and sell choices for the client's account are made by a portfolio manager without requiring client authorization. It also has 19 non-discretionary accounts with a total of $3.5 million in AUM. The advisory firm's typical account size is $474,336. The typical financial advisor at Advanced Financial Strategies Inc administers around 110 client accounts.

The firm's main office is at 5 Hubble, Irvine, California 92618. It is legally permitted to serve clients throughout a number of states, including California and Texas.

Assets Under Management

$208.2 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

$208.2 million

National Average: $3.7 billion
Total Number of Employees

4

National Average: 29
Total Number of Accounts

439

National Average: 2,073
Average Account Size

$474.3 thousand

National Average: $1.8 million

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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, the firm provided 1-10 of its accounts with financial planning services. The firm does sell products or offer services different than investment advisory services to its customers. The company is also affiliated with a number of other companies in the financial services industry, including with an insurance company or agency and real estate broker or 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 62% 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.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial management usually are based on which service is provided. However, fees billed by the firm likely include any blend of the following fee types: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Advanced Financial Strategies Inc.

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

Advanced Financial Strategies Inc works with retail investors, high net worth investors and pension plans. Out of its 439 clients, Advanced Financial Strategies Inc's biggest client group is retail investors, although it also caters to 55 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM 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 clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 33.54%
  • Other Individuals - 64.02%
  • Corporations - 2.44%
  • 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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This content was compiled from the SEC and FINRA