Esi Financial Advisors

CRD#265
Investment Advisor Firm

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Overview

Esi Financial Advisors operates as a financial advisory company based in Montpelier, Vermont. Esi Financial Advisors manages $1.9 billion in assets over 11,317 client accounts, placing it among the largest firms in the United States by assets under management (AUM). It has a large group, including 420 financial advisors. Esi Financial Advisors does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets such as equities, options and bonds.

Esi Financial Advisors administers 2,354 of the firm's client assets in a discretionary manner. Discretionary management means that transaction choices for the client's account are made by a portfolio manager without needing the client's consent. The firm also administers 8,963 non-discretionary accounts with a total of $1.3 billion in AUM. The company's typical account size is $164,964. An average financial advisor at Esi Financial Advisors oversees about 27 client accounts, placing it towards the middle in terms of personalization.

The firm's central office is at One National Life Drive, Montpelier, Vermont 5604. It is registered to provide services to clients throughout 46 U.S. states and territories.

Assets Under Management

$1.9 billion

Number of Advisors

420

Disclosures

No

Office Location

One National Life Drive
Montpelier, VT 05604

Esi Financial Advisors by the Numbers

Total Assets Under Management

$1.9 billion

National Average: $8.6 billion
Total Number of Employees

440

National Average: 64
Total Number of Accounts

11,317

National Average: 375,227
Average Account Size

$165.0 thousand

National Average: $23.0 thousand
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Products and Services

Esi Financial Advisors provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers and educational seminars. In the past financial year, it provided financial planning services to 251-500 of its clients. The firm is engaged in selling products or offering services other than investment advisory services to its customers. Esi Financial Advisors is affiliated with one or more other companies in the financial services industry, including with an accountant or accounting firm, lawyer or law firm and insurance company or agency.

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 management fees usually depend on the type of financial services provided. Fee types billed by Esi Financial Advisors can consist of the following fee structures: asset-based, hourly, fixed or commission-based. Esi Financial Advisors does participate in a wrap fee program, in which the company 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 21% of firms

    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.

  • Offered by 1% of firms

    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.

  • 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 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.

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Types of Clients

The firm manages money for a broad range of clients. It provides services to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 11,317 customers, Esi Financial Advisors's biggest client group by number of accounts is retail investors, though it also serves 2,575 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 22.75%
  • Other Individuals - 74.31%
  • Corporations - 2.89%
  • Charitable Organizations - 0.04%

* 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

Esi Financial Advisors does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Esi Financial Advisors

Bryan Keenan
Atlanta, GA
Alfred Schefer
Hauppauge, NY
Joshua Lochner
West Harrison, NY
Alana Furlow
Chicago, IL
Sun Min Kim
Fairfax, VA
Matthew Keiss
Atlanta, GA
Virginia Griffith
Atlanta, GA
Clare Morris
Fort Lauderdale, 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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