Independence Financial Advisors, LLC
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Overview
Independence Financial Advisors, LLC is an advisory company headquartered in Franklin, New Hampshire. Independence Financial Advisors, LLC administers $329.7 million in assets under management throughout 2,337 client accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). It has a small team, including 7 financial advisors. Independence Financial Advisors, LLC does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets like stocks, bonds and options.
Independence Financial Advisors, LLC oversees more than half of the company's accounts on a discretionary basis. Discretionary management means that an investment advisor makes buy and sell choices without requiring the customer's authorization. The company also oversees five non-discretionary accounts with a total of $17.4 million in assets under management. The advisory firm manages about $141,065 in assets for each customer account. The typical financial advisor at Independence Financial Advisors, LLC manages around 334 client accounts.
Independence Financial Advisors, LLC's headquarters is located at 402 Central Street, Franklin, New Hampshire 3235. The company is legally registered to provide services to clients throughout a number of states, including Arizona, Florida, Maine, Massachusetts, New Hampshire and South Carolina.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Independence Financial Advisors, LLC by the Numbers
$329.7 million
10
2,337
$141.1 thousand
Products and Services
Independence Financial Advisors, LLC offers multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and other services. In the last fiscal year, it provided 1000 of its customers with financial planning services. The firm does sell products or offer services apart from investment advisory services to its customers. The company is affiliated with a number of other companies in the financial services industry, including with a banking or thrift institution.
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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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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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 for financial advisory services usually vary depending on the services provided. However, fee types billed by the company likely include the following fee types: asset-based, hourly or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 10% of firms
Other
Unavailable
Types of Clients
It works with retail investors, high net worth investors, pension plans and corporations. Out of its 2,337 accounts, Independence Financial Advisors, LLC's biggest client is retail investors, although it also serves 26 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 its accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 1.11%
- Other Individuals - 97.52%
- Corporations - 1.37%
- 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
Independence Financial Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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