C & C Financial Services, Inc

CRD#106752
Investment Advisor Firm

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Overview

C & C Financial Services, Inc operates as a financial advisor company headquartered in Great Neck, New York. The company oversees $52.0 million in total assets over 47 customer accounts. The company has a small group, including 1 financial advisor. C & C Financial Services, Inc does not act as a registered broker-dealer, meaning the company 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 exchangable fiscal investments such as bonds, options and equities.

C & C Financial Services, Inc oversees more than half of the company's client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction decisions for the client's account without needing the client's authorization. C & C Financial Services, Inc also oversees one non-discretionary accounts with a total of $5.0 million in AUM. The company manages an average of $1.1 million in assets for each account. The typical advisor at C & C Financial Services, Inc manages around 47 client accounts, making it about average in terms of personalization.

The firm's main office is located at 175 Great Neck Rd, Great Neck, New York 11021. The firm is legally allowed to serve customers in the state of New York.

Assets Under Management

$52.0 million

Number of Advisors

1

Disclosures

No

Office Location

175 Great Neck Rd
Great Neck, NY 11021

C & C Financial Services, Inc by the Numbers

Total Assets Under Management

$52.0 million

National Average: $8.6 billion
Total Number of Employees

2

National Average: 64
Total Number of Accounts

47

National Average: 375,227
Average Account Size

$1.1 million

National Average: $23.0 thousand
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Products and Services

C & C Financial Services, Inc provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and pension consulting services. In the prior financial year, C & C Financial Services, Inc provided financial planning services to 11-25 of its clients. The company is involved in selling products or offering services apart from investment advice to its customers. The firm is affiliated with one or more other companies in the financial services industry, including with an accountant or accounting firm.

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 charged by financial advisors typically are based on which service is provided. Fees charged by C & C Financial Services, Inc most likely consist of some blend of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

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 21% of firms

    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.

  • 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 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

It provides services to retail investors and high net worth investors. Out of its 47 customers, C & C Financial Services, Inc's biggest client type by number of accounts is retail investors, but it also caters to seven high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 17.95%
  • Other Individuals - 82.05%
  • 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

C & C Financial Services, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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