Buckram Securities LTD

CRD#126976
Investment Advisor Firm

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Learn more about Buckram Securities LTD

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

    • Overview

    Buckram Securities LTD operates as an advisory company headquartered in Locust Valley, New York. The company administers $67.8 million in assets under management over 129 customer accounts. The firm has a small team, including 2 financial advisors. Buckram Securities LTD 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 defined as exchangable financial investments such as options, stocks and bonds.

    Buckram Securities LTD administers all of the company's client assets on a discretionary basis. Discretionary management means that buy and sell judgments for the client's account are made by an investment advisor without requiring client permission. Buckram Securities LTD oversees roughly $525,816 for each customer account. The average financial advisor at Buckram Securities LTD administers about 65 client accounts, making it about average in terms of personalization.

    The firm's headquarters is located at 168 Forest Avenue, Locust Valley, New York 11560. Buckram Securities LTD is legally registered to serve investors throughout 7 states, including California, Connecticut, Florida, Georgia, New Jersey, New York and Virginia.

    Assets Under Management

    $67.8 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    168 Forest Avenue
    Locust Valley, NY 11560

    Buckram Securities LTD by the Numbers

    Total Assets Under Management

    $67.8 million

    National Average: $8.6 billion
    Total Number of Employees

    3

    National Average: 64
    Total Number of Accounts

    129

    National Average: 375,227
    Average Account Size

    $525.8 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors largely depend on which services the firm provides the client. Fees charged by the firm most likely are comprised of any blend of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by the firm.

    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

    The company caters to retail investors, high net worth investors and pension plans. Out of its 129 customers, Buckram Securities LTD's largest client type is retail investors, but it also caters to 20 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM 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 the firm's customers are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 15.5%
    • Other Individuals - 82.17%
    • Corporations - 2.33%
    • 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

    Buckram Securities LTD does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Buckram Securities LTD

    Eric Filippone
    Locust Valley, NY
    Peter Debuona
    Locust Valley, NY

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