Pursino Advisory Group LLC

CRD#166614
Investment Advisor Firm

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Overview

Pursino Advisory Group LLC operates as an advisory firm located in Garden City, New York. The firm handles $36.0 million in assets throughout 152 accounts. It has a small group, including 1 financial advisor. Pursino Advisory Group LLC is not a registered broker-dealer, meaning it cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like bonds, options and equities.

Pursino Advisory Group LLC manages the majority of the firm's client assets in a discretionary manner. Discretionary management is a structure in which buy and sell judgments are made by an investment advisor without needing to seek the customer's permission. Pursino Advisory Group LLC also manages 50 non-discretionary accounts totaling $2.7 million in assets under management. The firm's typical account size is $236,583. The typical financial advisor at Pursino Advisory Group LLC administers about 152 client accounts.

The company's central office is at 1325 Franklin Avenue, Garden City, New York 11530. Pursino Advisory Group LLC is legally allowed to serve clients in the state of New York.

Assets Under Management

$36.0 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

$36.0 million

National Average: $9.0 billion
Total Number of Employees

1

National Average: 71,771
Total Number of Accounts

152

National Average: 4,329
Average Account Size

$236.6 thousand

National Average: $2.1 million
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Products and Services

Services that Pursino Advisory Group LLC offers can include financial planning services and portfolio management for individuals and small businesses. In the last fiscal year, the firm provided 26-50 of its customers with financial planning services. The firm is engaged 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 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

A financial advisor's fees vary depending on the type of financial services offered. Fee types billed by the company typically consist of the following fee types: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

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.

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 33% 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

Pursino Advisory Group LLC provides services to retail investors and high net worth investors. Out of its 152 accounts, Pursino Advisory Group LLC's largest client is retail investors, though it also serves 24 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 more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are from outside of the U.S.

  • High-Net-Worth Individuals* - 44.44%
  • Other Individuals - 55.56%
  • 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

Pursino Advisory Group LLC does not have any disclosures.

Please visit its Form ADV for more details.

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