Pursino Advisory Group LLC

CRD#166614
Investment Advisor Firm

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Learn more about Pursino Advisory Group LLC

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

    • Overview

    Pursino Advisory Group LLC operates as a financial advisor company based in Garden City, New York. The company controls $42.6 million in total assets over 140 accounts. It has a small group, including 1 financial advisor. Pursino Advisory Group LLC does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like bonds, options and equities.

    Pursino Advisory Group LLC manages most of the firm's client assets in a discretionary manner. Discretionary management signifies that an investment advisor makes transaction choices without requiring the client's permission. It also has 18 non-discretionary accounts with a total of $12.3 million in assets under management. The firm's average account size is $304,199. The average advisor at Pursino Advisory Group LLC oversees around 140 client accounts.

    The firm's main office is at 1325 Franklin Avenue, Garden City, New York 11530. The firm is allowed to serve customers in the state of New York.

    Assets Under Management

    $42.6 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    1325 Franklin Avenue
    Garden City, NY 11530

    Pursino Advisory Group LLC by the Numbers

    Total Assets Under Management

    $42.6 million

    National Average: $8.6 billion
    Total Number of Employees

    1

    National Average: 64
    Total Number of Accounts

    140

    National Average: 375,227
    Average Account Size

    $304.2 thousand

    National Average: $23.0 thousand
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    Products and Services

    Financial services that Pursino Advisory Group LLC offers can include financial planning services and portfolio management for individuals and small businesses. In the past fiscal year, the company provided 26-50 of its customers with financial planning services. The firm is involved in selling products or offering services aside from investment advisory services to its customers.

    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 largely vary depending on which service is offered. Fees charged by the firm typically consist of the following fee structure: asset-based. The company does not provide a wrap fee program, in which the firm offers a bundle of services for a single 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

    The company caters to retail investors, high net worth investors and corporations. Out of its 140 customers, Pursino Advisory Group LLC's largest client group by number of accounts is high net worth investors, though it also serves 29 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 is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by non-U.S. persons.

    • High-Net-Worth Individuals* - 50.88%
    • Other Individuals - 43.86%
    • Corporations - 5.26%
    • 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

    Pursino Advisory Group LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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