Ocean Financial Advisors LLC

CRD#291950
Investment Advisor Firm

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Learn more about Ocean Financial Advisors LLC

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

    • Overview

    Ocean Financial Advisors LLC operates as a financial advisor firm located in Miami, Florida. It has $215.7 million in total assets across 11 client accounts, making it a mid-tier investment advisory firm in the nation by assets under management (AUM). The firm has a small group of nine employees, including seven financial advisors. Ocean Financial Advisors LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal assets like options, bonds and equities.

    Ocean Financial Advisors LLC oversees five of the company's client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes transaction decisions without needing client approval. It also oversees six non-discretionary accounts totaling $210.2 million in assets under management. Ocean Financial Advisors LLC's typical account size is $19.6 million. The average financial advisor at Ocean Financial Advisors LLC administers around two client accounts, making it one of the most personalized firms in the country.

    Ocean Financial Advisors LLC's central office is located at 780 Nw 42Nd Avenue, Miami, Florida 33126. The firm is permitted to serve customers in the state of Florida.

    Assets Under Management

    $215.7 million

    Number of Advisors

    7

    Disclosures

    No

    Office Location

    780 Nw 42Nd Avenue
    Miami, FL 33126

    Ocean Financial Advisors LLC by the Numbers

    Total Assets Under Management

    $215.7 million

    National Average: $9.0 billion
    Total Number of Employees

    9

    National Average: 71,771
    Total Number of Accounts

    11

    National Average: 4,329
    Average Account Size

    $19.6 million

    National Average: $2.1 million
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    Fee Structure

    Fees charged by financial advisors usually depend on the type of financial services offered. Fee types charged by Ocean Financial Advisors LLC most likely consist of the following fee structures: asset-based, fixed or performance-based. The company does not provide a wrap fee program, in which the company offers a bundle of services for a comprehensive fee. The firm has the ability to withdraw the fees directly from client accounts.

    Available

    • Offered by 70% 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 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 33% 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 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.

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    Types of Clients

    It works with high net worth investors. Out of its 11 customers, Ocean Financial Advisors LLC's largest client group is high net worth investors, but it also serves 11 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 98% of its accounts are non-U.S. persons.

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

    Ocean Financial Advisors LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Ocean Financial Advisors LLC

    Henry De Valle
    Miami, FL
    Alexandra Rumie
    Miami, FL
    Maria De Jesus
    Miami, FL
    Mario Fernandez
    Miami, FL
    Douglas Halliday
    Miami, FL
    Juan Penaloza
    Miami, FL
    Gonzalo Ruiz
    Miami, FL
    Amado Penate
    Miami, FL
    Manuel Del Canal
    Miami, FL

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