Infinex Investments, Inc

CRD#35371
Investment Advisor Firm

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Learn more about Infinex Investments, Inc

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

    • Overview

    Infinex Investments, Inc operates as an advisory firm that has its headquarters in Meriden, Connecticut. Infinex Investments, Inc oversees $2.8 billion in assets under management across 8,831 accounts, placing it among the largest financial advisory firms in the country by assets under management (AUM). It has a large group, including 539 financial advisors. Infinex Investments, Inc is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets like bonds, options and equities.

    Infinex Investments, Inc oversees 4,334 of the company's client assets on a discretionary basis. Discretionary management means that transaction decisions are made by a portfolio manager without requiring the client's consent. Infinex Investments, Inc also oversees 4,497 non-discretionary accounts with a total of $1.9 billion in AUM. Infinex Investments, Inc's typical account size is $318,724. The average advisor at Infinex Investments, Inc oversees about 16 client accounts, making it one of the more individualized firms in the country.

    The company's headquarters is located at 538 Preston Avenue, Meriden, Connecticut 06450-4858. The company is registered to provide services to investors across 51 U.S. states and territories.

    Assets Under Management

    $2.8 billion

    Number of Advisors

    539

    Disclosures

    No

    Office Location

    538 Preston Avenue
    Meriden, CT 06450-4858

    Infinex Investments, Inc by the Numbers

    Total Assets Under Management

    $2.8 billion

    National Average: $8.6 billion
    Total Number of Employees

    764

    National Average: 64
    Total Number of Accounts

    8,831

    National Average: 375,227
    Average Account Size

    $318.7 thousand

    National Average: $23.0 thousand
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    Products and Services

    Infinex Investments, Inc offers a variety of services, including financial planning services, portfolio management for individuals and small businesses, selection of other advisers and other services. In the prior financial year, Infinex Investments, Inc provided 26-50 of its customers with financial planning services. The firm is engaged in selling products or offering services other than investment advisory services to its customers. The company is affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer 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.

    • Find a firm that offers this service

      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 vary depending on which services the firm provides the client. However, fee types charged by Infinex Investments, Inc likely are comprised of any blend of the following fee types: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the company.

    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 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.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • 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.

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    Types of Clients

    It caters to retail investors, high net worth investors, charitable organizations and corporations. Out of its 8,831 accounts, Infinex Investments, Inc's largest client is retail investors, though it also manages money for 17 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 at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's accounts reside abroad.

    • High-Net-Worth Individuals* - 0.23%
    • Other Individuals - 96.65%
    • Corporations - 2.06%
    • Charitable Organizations - 1.06%

    * 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

    Infinex Investments, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Infinex Investments, Inc

    Erin Mooney
    Pittsburgh, PA
    Dean Prozzoly
    Pittsburgh, PA
    Angelo Piccolo
    Naugatuck, CT
    David Davis
    Grand Ledge, MI
    Peter Klarides
    New York, NY
    Christopher Parks
    Springfield, IL
    Amanda Robbins
    Ellsworth, ME
    Jeffrey White
    Fletcher, NC
    Jean Delbuono
    Oakville, CT

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