Amuni Financial, Inc

CRD#8365
Investment Advisor Firm

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Overview

Amuni Financial, Inc is an advisory firm located in Saint Petersburg, Florida. It oversees $114.2 million in assets under management across 226 client accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). It has a small group, including 10 financial advisors. Amuni Financial, Inc does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal investments like bonds, options and stocks.

Amuni Financial, Inc manages zero of its client assets on a discretionary basis. Discretionary management signifies that buy and sell choices for the client's account are made by a portfolio manager without requiring client authorization. Amuni Financial, Inc also manages 226 non-discretionary accounts with a total of $114.2 million in assets. The firm's average account size is $505,088. The average financial advisor at Amuni Financial, Inc manages around 23 client accounts, placing it among the more individualized firms in the country.

The firm's main office is located at 720 Second Ave S, Saint Petersburg, Florida 33701. Amuni Financial, Inc is allowed to provide services to customers throughout 12 U.S. states and territories.

Assets Under Management

$114.2 million

Number of Advisors

10

Disclosures

No

Office Location

720 Second Ave S
Saint Petersburg, FL 33701

Amuni Financial, Inc by the Numbers

Total Assets Under Management

$114.2 million

National Average: $8.6 billion
Total Number of Employees

19

National Average: 64
Total Number of Accounts

226

National Average: 375,227
Average Account Size

$505.1 thousand

National Average: $23.0 thousand
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Products and Services

Amuni Financial, Inc provides a number of services, which can include portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, educational seminars and other services. Notably, the company did not provide financial planning services to any of its customers in the previous fiscal year. The firm is not engaged in selling products or offering services apart from investment advisory services to its investment advisory clients.

Core Advisor Services

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    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.

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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 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.

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    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 6% of firms

    Educational Seminars/Workshops

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

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Fee Structure

Fees charged by financial advisors largely depend on the type of services provided. Fees charged by the firm typically consist of the following fee structure: asset-based. The company does participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

Available

  • Offered by 69% of firms

    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.

Unavailable

  • 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 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 works with retail investors, high net worth investors and corporations. Out of its 226 clients, Amuni Financial, Inc's largest client is retail investors, but it also caters to 110 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 47.21%
  • Other Individuals - 52.36%
  • Corporations - 0.43%
  • 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

Amuni Financial, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Amuni Financial, Inc

Alan Marsh
Saint Petersburg, FL
David Polkinghorn
Saint Petersburg, FL
Michael Petagna
Saint Petersburg, FL
Jared Abelman
Saint Petersburg, FL
Jonathan Bailey
Saint Petersburg, FL
Robert House
Little Rock, AR
John Satterfield
Little Rock, AR
Richard Giffin
Little Rock, AR
Jay Lake
Saint Petersburg, FL

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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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