Accountants Proprietary Financial Servicenet, Inc

CRD#126685
Investment Advisor Firm

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

    • Overview

    Accountants Proprietary Financial Servicenet, Inc operates as an advisory firm based in Plainview, New York. It oversees $322.3 million in total assets throughout 263 client accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). The firm has a small team, including 3 financial advisors. Accountants Proprietary Financial Servicenet, Inc is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets like equities, options and bonds.

    Accountants Proprietary Financial Servicenet, Inc administers the majority of the firm's client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make buy and sell choices for the client's account without requiring client permission. It also manages 54 non-discretionary accounts with a total of $133.5 million in AUM. The company's typical account size is $1.2 million. The typical advisor at Accountants Proprietary Financial Servicenet, Inc oversees around 88 client accounts.

    Accountants Proprietary Financial Servicenet, Inc's headquarters is at 45 Executive Drive, Plainview, New York 11803. Accountants Proprietary Financial Servicenet, Inc is allowed to serve investors across 13 U.S. states and territories.

    Assets Under Management

    $322.3 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    45 Executive Drive
    Plainview, NY 11803

    Accountants Proprietary Financial Servicenet, Inc by the Numbers

    Total Assets Under Management

    $322.3 million

    National Average: $8.6 billion
    Total Number of Employees

    3

    National Average: 64
    Total Number of Accounts

    263

    National Average: 375,227
    Average Account Size

    $1.2 million

    National Average: $23.0 thousand
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    Products and Services

    Accountants Proprietary Financial Servicenet, Inc offers a variety of financial services, which can include portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. It does not sell products or offer services aside from investment advisory services to its investment advisory clients. The company is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, insurance company or agency and pension consultant.

    Core Advisor Services

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      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.

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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.

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    Fee Structure

    Fees charged by financial advisors largely are based on which service is offered. However, fees charged by Accountants Proprietary Financial Servicenet, Inc typically consist of the following fee structure: asset-based. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    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

    It works with retail investors and pension plans. Out of its 263 clients, Accountants Proprietary Financial Servicenet, Inc's largest client is pension plans. None of the firm's clients are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 42.21%
    • Corporations - 57.79%
    • 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

    Accountants Proprietary Financial Servicenet, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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