Sym Financial Advisors

CRD#107517
Investment Advisor Firm

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Learn more about Sym Financial Advisors

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

    • Overview

    Sym Financial Advisors operates as an advisory company based in Winona Lake, Indiana. The company handles $3.3 billion in assets across 4,634 client accounts, placing it among the largest investment advisory firms in the nation by assets under management (AUM). It has an average-sized team, including 40 financial advisors. Sym Financial Advisors is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are tradable fiscal investments such as options, equities and bonds.

    Sym Financial Advisors administers the majority of the firm's accounts on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make buy and sell decisions without needing the customer's permission. It also has 48 non-discretionary accounts with a total of $569.7 million in assets under management. The company's average account size is $718,654. The typical financial advisor at Sym Financial Advisors manages around 116 client accounts.

    The firm's headquarters is located at 801 Park Ave, Winona Lake, Indiana 46590. It is legally permitted to provide services to customers throughout 21 U.S. states and territories.

    Assets Under Management

    $3.3 billion

    Number of Advisors

    40

    Disclosures

    No

    Office Location

    801 Park Ave
    Winona Lake, IN 46590

    Sym Financial Advisors by the Numbers

    Total Assets Under Management

    $3.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    67

    National Average: 64
    Total Number of Accounts

    4,634

    National Average: 375,227
    Average Account Size

    $718.7 thousand

    National Average: $23.0 thousand
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    Products and Services

    Sym Financial Advisors offers multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the prior financial year, Sym Financial Advisors provided 1000 of its clients with financial planning services. The company is not engaged in selling products or offering services aside from investment advice to its investment advisory accounts. The company is also affiliated with one or more other service providers in the financial services industry, including with a trust company.

    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

    • 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.

    • Find a firm that offers this service

      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

    Financial advisory fees typically are based on which services are provided. However, fees charged by the firm can include the following fee structures: asset-based or fixed. The company does not supply a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% 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 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 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 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

    Sym Financial Advisors works with a broad range of customers. The company caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 4,634 accounts, Sym Financial Advisors's largest client is retail investors, but it also manages money for 535 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's customers are from outside of the U.S.

    • High-Net-Worth Individuals* - 36.69%
    • Other Individuals - 53.91%
    • Corporations - 8.64%
    • Charitable Organizations - 0.75%

    * 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

    Sym Financial Advisors does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Sym Financial Advisors

    Amanda Legler
    Indianapolis, IN
    Andrew Popenfoose
    Fort Wayne, IN
    Michelle Hipskind
    Winona Lake, IN
    Richard Harrison
    Winona Lake, IN
    Derek Weed
    Indianapolis, IN
    Nicholas Gray
    Winona Lake, IN
    Tyler Ostrom
    Winona Lake, IN
    Gabriella Tucker
    Winona Lake, IN
    Jonathan Slocum
    Mishawaka, IN

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