Flyte

CRD#289171
Investment Advisor Firm

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Overview

Flyte is an advisory company that has its headquarters in San Francisco, California. The firm manages $11.9 million in assets across 13,929 customer accounts. Flyte has a small team, including 1 financial advisor. Flyte does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments like bonds, stocks and options.

Flyte administers none of its client assets on a discretionary basis. Discretionary management means that an investment advisor makes transaction judgments without requiring the customer's consent. The company also oversees 13,929 non-discretionary accounts totaling $11.9 million in assets. Flyte's average account size is $854. The typical advisor at Flyte manages about 13,929 client accounts.

The firm's headquarters is at 2021 Fillmore St, San Francisco, California 94115. The firm is legally registered to serve customers throughout 51 U.S. states and territories.

Assets Under Management

$11.9 million

Number of Advisors

1

Disclosures

No

Office Location

2021 Fillmore St
San Francisco, CA 94115

Flyte by the Numbers

Total Assets Under Management

$11.9 million

National Average: $8.6 billion
Total Number of Employees

14

National Average: 64
Total Number of Accounts

13,929

National Average: 375,227
Average Account Size

$854.0

National Average: $23.0 thousand
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Products and Services

Financial services offered by Flyte can include financial planning services and portfolio management for individuals and small businesses. In the prior fiscal year, the firm provided 14000 of its customers with financial planning services. Flyte is not engaged in selling products or offering services apart from investment advice to its investment advisory clients.

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

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Fee Structure

Financial management fees typically vary depending on which services the firm provides the client. Fees charged by the firm typically consist of non-traditional fee structures. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the company.

Available

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 69% of firms that offer this fee type

    Percentage of Assets

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    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.

  • Find one of the 21% of firms that offer this fee type

    Hourly

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    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.

  • 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

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    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.

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Types of Clients

It caters to retail investors. Out of its 13,929 customers, Flyte's biggest client type by number of accounts is retail investors. None of the firm's customers reside abroad.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • 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

Flyte does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Flyte

David Hannes
San Francisco, CA

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.