Sechrest Financial Services
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Overview
Sechrest Financial Services operates as an advisory firm based in Acton, Massachusetts. Sechrest Financial Services administers $139.8 million in assets under management throughout 337 client accounts, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). Sechrest Financial Services has a small team, including 2 financial advisors. Sechrest Financial Services is not a registered broker-dealer, meaning it cannot 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 exchangable financial assets like options, stocks and bonds.
Sechrest Financial Services oversees none of its accounts in a discretionary manner. Discretionary management means that transaction decisions for the client's account are made by a portfolio manager without needing to seek the customer's consent. The firm also has 337 non-discretionary accounts totaling $139.8 million in AUM. The investment advisory firm supervises about $414,950 for each client account. The typical advisor at Sechrest Financial Services manages about 169 client accounts.
The company's main office is located at One Acton Place, Suite 301, Acton, Massachusetts 1720. The firm is legally allowed to serve clients throughout a number of states, including Massachusetts and New Hampshire.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Sechrest Financial Services by the Numbers
$139.8 million
4
337
$414.9 thousand
Products and Services
Sechrest Financial Services provides a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior fiscal year, Sechrest Financial Services provided financial planning services to 26-50 of its clients. It does sell products or offer services other than investment advice to its customers. The firm is also affiliated with one or more other companies in the financial services industry, including with an accountant or accounting firm.
Core Advisor Services
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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.
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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.
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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
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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.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors usually are based on which services are provided. However, fees billed by the company typically consist of the following fee structure: fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Sechrest Financial Services.
Available
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 69% of firms that offer this fee type
Percentage of Assets
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company provides services to retail investors and high net worth investors. Out of its 337 customers, Sechrest Financial Services's largest client type is high net worth investors, though it also caters to 36 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 64.29%
- Other Individuals - 35.71%
- 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
Sechrest Financial Services does not have any disclosures.
Please visit its Form ADV for more details.
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