Agfiq; Agfiq Asset Management

CRD#153781
Investment Advisor Firm

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Overview

Agfiq; Agfiq Asset Management operates as a financial advisory company located in Boston, Massachusetts. It handles $1.4 billion in assets over 16 client accounts, placing it among the biggest firms in the United States by assets under management (AUM). The company has a small team of eight employees, five of whom are financial advisors. Agfiq; Agfiq Asset Management is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are exchangable financial assets such as options, bonds and equities.

Agfiq; Agfiq Asset Management administers all of its accounts in a discretionary manner. Discretionary management is a structure in which transaction decisions for the client's account are made by a portfolio manager without needing client authorization. Agfiq; Agfiq Asset Management oversees roughly $85.1 million in assets for each account. An average advisor at Agfiq; Agfiq Asset Management oversees about three client accounts, placing it among the most personalized financial advisor firms in the country.

The company's main office is located at 53 State Street, Boston, Massachusetts 2109. Agfiq; Agfiq Asset Management is legally registered to provide services to clients in the state of Massachusetts.

Assets Under Management

$1.4 billion

Number of Advisors

5

Disclosures

No

Office Location

53 State Street
Boston, MA 02109

Agfiq; Agfiq Asset Management by the Numbers

Total Assets Under Management

$1.4 billion

National Average: $3.3 billion
Total Number of Employees

8

National Average: 31
Total Number of Accounts

16

National Average: 1,935
Average Account Size

$85.1 million

National Average: $1.7 million

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Fee Structure

Fees charged by financial advisors largely depend on the type of financial services provided. However, fees charged by the firm typically consist of the following fee types: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 72% 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.

Unavailable

  • Find one of the 35% 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 2% 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 17% 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 1% 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 39% 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 12% 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

Agfiq; Agfiq Asset Management caters to investment companies, pooled investment vehicles, pension plans and charitable organizations. Out of its 16 clients, Agfiq; Agfiq Asset Management's biggest client group is investment companies. Around 30% of the company's customers reside abroad.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 75%
  • Charitable Organizations - 25%

* 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

Agfiq; Agfiq Asset Management does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Agfiq; Agfiq Asset Management

Kevin Collins
Boston, MA
Ronald Martin
Boston, MA
William Deroche
Boston, MA

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This content was compiled from the SEC and FINRA