Etfidea, LLC

CRD#121188
Investment Advisor Firm

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Overview

Etfidea, LLC operates as a financial advisory company based in Syracuse, New York. Etfidea, LLC has $336.5 million in total assets across 277 client accounts, placing it in the mid-tier of financial advisory firms in the United States by assets under management (AUM). The firm has a small team, including 4 financial advisors. Etfidea, LLC is not a registered broker-dealer, meaning the firm 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 defined as tradable fiscal assets like stocks, options and bonds.

Etfidea, LLC administers the majority of the company's accounts in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make buy and sell choices without requiring the customer's permission. The company also administers three non-discretionary accounts totaling $2.3 million in assets under management. Etfidea, LLC's average account size is $1.2 million. The typical advisor at Etfidea, LLC administers about 69 client accounts, placing it towards the middle in terms of personalization.

The company's main office is located at 120 Madison Street, Suite 1700, Syracuse, New York 13202. The company is legally allowed to provide services to investors throughout a few states, including Florida and New York.

Assets Under Management

$336.5 million

Number of Advisors

4

Disclosures

No

Office Location

120 Madison Street, Suite 1700
Syracuse, NY 13202

Etfidea, LLC by the Numbers

Total Assets Under Management

$336.5 million

National Average: $9.0 billion
Total Number of Employees

7

National Average: 71,771
Total Number of Accounts

277

National Average: 4,329
Average Account Size

$1.2 million

National Average: $2.1 million

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Products and Services

Etfidea, LLC offers a variety of financial services, which can include financial planning services, portfolio management for individuals and small businesses and pension consulting services. In the last financial year, the firm provided financial planning services to 251-500 of its accounts. Etfidea, LLC does not sell products or offer services apart from investment advisory services to its investment advisory customers. Etfidea, LLC is affiliated with a number of other service providers 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 47% 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 management vary depending on the type of services provided. However, fee types billed by the company most likely are comprised of any blend of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Etfidea, LLC.

Available

  • Offered by 70% 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 33% 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 caters to retail investors, high net worth investors, pension plans and corporations. Out of its 277 accounts, Etfidea, LLC's largest client group is retail investors, but it also caters to 42 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management 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 firm's clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 15.16%
  • Other Individuals - 79.42%
  • Corporations - 5.42%
  • 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

Etfidea, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data compiled from the SEC and FINRA. To report any data inconsistencies or errors, please contact profile-compliance@smartasset.com.

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