First Mason Financial, LLC
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Overview
First Mason Financial, LLC is a financial advisory firm based in Medina, Ohio. First Mason Financial, LLC manages $148.1 million in assets over 672 accounts, placing it in the mid-tier of firms in the United States by assets under management (AUM). The company has a small team, including 1 financial advisor. First Mason Financial, 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 clients' and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments like options, equities and bonds.
First Mason Financial, LLC manages all of its client assets on a discretionary basis. Discretionary management is a structure in which buy and sell judgments for the client's account are made by a portfolio manager without requiring the customer's permission. First Mason Financial, LLC supervises roughly $220,424 for each customer account. The average financial advisor at First Mason Financial, LLC manages about 672 client accounts.
First Mason Financial, LLC's central office is located at 33 Public Square, Medina, Ohio 44256. The company is allowed to serve customers across a few states, including Florida, Kentucky, Ohio, Texas and Virginia.
Assets Under Management
Number of Advisors
Disclosures
Office Location
First Mason Financial, LLC by the Numbers
$148.1 million
3
672
$220.4 thousand
Products and Services
First Mason Financial, LLC offers a variety of services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services and selection of other advisers. In the last fiscal year, it provided financial planning services to 251-500 of its accounts. The company does not sell products or offer services aside from investment advice to its investment advisory accounts.
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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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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Offered by 20% of firms
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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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors are based on which service is offered. However, fees billed by First Mason Financial, LLC typically consist of the following fee type: 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
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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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
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company works with retail investors, high net worth investors and pension plans. Out of its 672 accounts, First Mason Financial, LLC's biggest client type by number of accounts is retail investors, though it also serves 37 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor 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 firm's clients reside abroad.
- High-Net-Worth Individuals* - 14.23%
- Other Individuals - 85.38%
- Corporations - 0.38%
- 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
First Mason Financial, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at First Mason Financial, LLC
Medina, OH
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