Source Financial Advisors, LLC
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Overview
Source Financial Advisors, LLC operates as an advisory firm based in New York, New York. It handles $450.7 million in total assets over 436 client accounts, placing it among the bigger investment advisory firms in the United States by assets under management (AUM). The firm has a small team, including 2 financial advisors. Source Financial Advisors, LLC does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal assets like bonds, equities and options.
Source Financial Advisors, LLC administers most of its client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes buy and sell judgments without needing to seek the customer's authorization. The company also manages four non-discretionary accounts with a total of $2.3 million in AUM. The firm's average account size is $1.0 million. The typical advisor at Source Financial Advisors, LLC oversees around 218 client accounts.
Source Financial Advisors, LLC's main office is at 545 Fifth Avenue, New York, New York 10017. Source Financial Advisors, LLC is registered to serve clients across 4 states, including Connecticut, New York, Ohio and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Source Financial Advisors, LLC by the Numbers
$450.7 million
6
436
$1.0 million
Products and Services
Source Financial Advisors, LLC provides a variety of services, which can include financial planning services, portfolio management for individuals and small businesses and educational seminars. In the prior fiscal year, the company provided financial planning services to 1-10 of its clients. The company is not engaged in selling products or offering services aside from investment advisory services to its investment advisory clients.
Core Advisor Services
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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.
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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.
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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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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors typically are based on which services the firm provides the client. However, fee types billed by the firm can be comprised of the following fee structures: asset-based, hourly, fixed or other. The firm does not participate in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
The company provides services to retail investors and high net worth investors. Out of its 436 accounts, Source Financial Advisors, LLC's biggest client type is high net worth investors, but it also manages money for 55 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management 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). Just 4% of its accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 55.56%
- Other Individuals - 44.44%
- 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
Source Financial Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Source Financial Advisors, LLC
New York, NY
New York, NY
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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