Siebert Advisornxt, Inc

CRD#288572
Investment Advisor Firm

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Overview

Siebert Advisornxt, Inc operates as a financial advisory firm located in Jersey City, New Jersey. The firm has $163.6 million in assets throughout 434 accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). Siebert Advisornxt, Inc has a small group, including 29 financial advisors. Siebert Advisornxt, Inc is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial assets such as bonds, equities and options.

Siebert Advisornxt, Inc administers all of the firm's accounts on a discretionary basis. Discretionary management means that buy and sell decisions are made by an investment advisor without needing to seek client approval. The company's average account size is $377,014. The typical advisor at Siebert Advisornxt, Inc administers around 15 client accounts, making it one of the more individualized financial advisor firms in the country.

The firm's headquarters is located at 15 Exchange Place, Jersey City, New Jersey 7302. The company is legally permitted to provide services to customers throughout 36 U.S. states and territories.

Assets Under Management

$163.6 million

Number of Advisors

29

Disclosures

No

Office Location

15 Exchange Place
Jersey City, NJ 07302

Siebert Advisornxt, Inc by the Numbers

Total Assets Under Management

$163.6 million

National Average: $8.6 billion
Total Number of Employees

38

National Average: 64
Total Number of Accounts

434

National Average: 375,227
Average Account Size

$377.0 thousand

National Average: $23.0 thousand
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Fee Structure

Fees charged by financial advisors depend on the services provided. Fees charged by the company typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Siebert Advisornxt, Inc.

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.

Unavailable

  • 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 32% 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 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.

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Types of Clients

The company caters to retail investors and high net worth investors. Out of its 434 clients, Siebert Advisornxt, Inc's largest client type by number of accounts is retail investors, but it also serves 28 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 2% of the firm's customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 6.45%
  • Other Individuals - 93.55%
  • 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

Siebert Advisornxt, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Siebert Advisornxt, Inc

Dean Bantis
Jersey City, NJ
Bradley Poock
Calabasas, CA
Jacqueline Yapp
Beverly Hills, CA
Mario Didomenico
Jersey City, NJ
Mark Malek
Jersey City, NJ
Colin Mcdonald
Beverly Hills, CA
John Mcguinness
Jersey City, NJ
Maxwell Galbraith
Seal Beach, CA

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