Flit Invest LLC

CRD#318611
Investment Advisor Firm

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Learn more about Flit Invest LLC

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

    • Overview

    Flit Invest LLC is a financial advisory firm based in New York, New York. It administers $92.6 thousand in assets under management over 89 client accounts. The firm has a small group, including 1 financial advisor. Flit Invest LLC is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments such as options, bonds and stocks.

    Flit Invest LLC oversees all of the firm's accounts on a discretionary basis. Discretionary management signifies that transaction judgments for the client's account are made by a portfolio manager without needing client authorization. The advisory firm administers roughly $1,041 in assets for each customer account. An average financial advisor at Flit Invest LLC manages around 89 client accounts.

    The company's central office is located at 287 Park Avenue South, New York, New York 10010. Flit Invest LLC is allowed to provide services to investors across a few states, including New Jersey and New York.

    Assets Under Management

    $92.6 thousand

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    287 Park Avenue South
    New York, NY 10010

    Flit Invest LLC by the Numbers

    Total Assets Under Management

    $92.6 thousand

    National Average: $8.6 billion
    Total Number of Employees

    10

    National Average: 64
    Total Number of Accounts

    89

    National Average: 375,227
    Average Account Size

    $1.0 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees largely vary depending on the type of services offered. However, fees charged by Flit Invest LLC 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 the firm.

    Available

    • 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 69% of firms that offer this fee type

      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.

    • Find one of the 21% 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 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.

    • 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.

    Back to Overview

    Types of Clients

    It caters to retail investors. Out of its 89 customers, Flit Invest LLC's biggest client group by number of accounts is retail investors. None of the firm's clients are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 100%
    • 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

    Flit Invest LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Flit Invest LLC

    Alejandro Fritz Ruenes
    Hoboken, NJ

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