Nexxus Holdings Advisors LLC

CRD#166884
Investment Advisor Firm

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Learn more about Nexxus Holdings Advisors LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • Office Locations

    • Overview

    Nexxus Holdings Advisors LLC is a financial advisory firm headquartered in Santa Barbara, California. The company administers $195.6 million in total assets throughout four accounts, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). Nexxus Holdings Advisors LLC has a small team, including 3 financial advisors. Nexxus Holdings Advisors LLC does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as bonds, options and equities.

    Nexxus Holdings Advisors LLC administers all of the company's client assets on a discretionary basis. Discretionary management is a structure in which buy and sell decisions for the client's account are made by a portfolio manager without needing client consent. The advisory firm supervises about $48.9 million for every client account. The average financial advisor at Nexxus Holdings Advisors LLC manages about one client account, placing it among the most individualized advisor firms in the country.

    Nexxus Holdings Advisors LLC's headquarters is located at 800 Miramonte Dr, Santa Barbara, California 93109.

    Assets Under Management

    $195.6 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    800 Miramonte Dr
    Santa Barbara, CA 93109

    Nexxus Holdings Advisors LLC by the Numbers

    Total Assets Under Management

    $195.6 million

    National Average: $8.6 billion
    Total Number of Employees

    5

    National Average: 64
    Total Number of Accounts

    4

    National Average: 375,227
    Average Account Size

    $48.9 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice vary depending on which services are offered. However, fees billed by the company can be comprised of the following fee structures: fixed or performance-based. Nexxus Holdings Advisors LLC does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    Available

    • Offered by 26% 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 32% 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 69% of firms that offer this fee type

      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.

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

      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.

    • 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 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 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.

    Back to Overview

    Types of Clients

    It works with pooled investment vehicles and other. Out of its four accounts, Nexxus Holdings Advisors LLC's biggest client group is pooled investment vehicles. About 27% of its accounts are from outside of the U.S.

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

    Nexxus Holdings Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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