Blacktower Financial Management (Us) LLC

CRD#289142
Investment Advisor Firm

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Learn more about Blacktower Financial Management (Us) LLC

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

    • Overview

    Blacktower Financial Management (Us) LLC operates as a financial advisory firm that has its headquarters in New York, New York. The company oversees $113.1 million in assets across 222 customer accounts, placing it in the mid-tier of financial advisory firms in the United States by assets under management (AUM). The company has a small team, including 21 financial advisors. Blacktower Financial Management (Us) LLC does not act as a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial investments like options, bonds and stocks.

    Blacktower Financial Management (Us) LLC oversees none of the company's client assets in a discretionary manner. Discretionary management signifies that transaction choices are made by an investment advisor without needing to seek client approval. The firm also manages 222 non-discretionary accounts totaling $113.1 million in assets under management. The advisory firm oversees roughly $509,392 for each customer account. The average financial advisor at Blacktower Financial Management (Us) LLC manages around 11 client accounts, placing it among the more personalized financial advisor firms in the country.

    The company's headquarters is at 125 Park Avenue, New York, New York 10017. The firm is allowed to serve investors throughout 20 U.S. states and territories.

    Assets Under Management

    $113.1 million

    Number of Advisors

    21

    Disclosures

    No

    Office Location

    125 Park Avenue
    New York, NY 10017

    Blacktower Financial Management (Us) LLC by the Numbers

    Total Assets Under Management

    $113.1 million

    National Average: $8.6 billion
    Total Number of Employees

    26

    National Average: 64
    Total Number of Accounts

    222

    National Average: 375,227
    Average Account Size

    $509.4 thousand

    National Average: $23.0 thousand
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    Products and Services

    Services that Blacktower Financial Management (Us) LLC offers can include financial planning services and portfolio management for individuals and small businesses. In the prior financial year, Blacktower Financial Management (Us) LLC provided financial planning services to 101-250 of its customers. The company is not involved in selling products or offering services other than investment advice to its investment advisory customers. The firm is also affiliated with a number of other service providers in the financial services industry, including with an insurance company or agency.

    Core Advisor Services

    • 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.

    • 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

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    Fee Structure

    Fees for financial advisory services depend on which service is provided. Fee types billed by Blacktower Financial Management (Us) LLC may include any combination of the following fee types: asset-based or fixed. The company does not provide a wrap fee program, in which the firm offers a service bundle 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.

    • 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 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.

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    Types of Clients

    Blacktower Financial Management (Us) LLC provides services to retail investors and high net worth investors. Out of its 222 customers, Blacktower Financial Management (Us) LLC's largest client is retail investors, although it also serves nine 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 clients reside abroad.

    • High-Net-Worth Individuals* - 4.15%
    • Other Individuals - 95.85%
    • 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

    Blacktower Financial Management (Us) LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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