Claris Financial, LLC
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Overview
Claris Financial, LLC operates as a financial advisory company that has its headquarters in Glen Allen, Virginia. The firm manages $206.6 million in assets across 908 client accounts, making it a mid-tier firm in the nation by assets under management (AUM). Claris Financial, LLC has a small group, including 5 financial advisors. Claris Financial, LLC is not a registered broker-dealer, meaning the company cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are tradable fiscal investments such as bonds, options and stocks.
Claris Financial, LLC oversees 803 of its client assets on a discretionary basis. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell decisions without needing client consent. Claris Financial, LLC also has 105 non-discretionary accounts with a total of $20.6 million in assets under management. The advisory firm's average account size is $227,575. The average financial advisor at Claris Financial, LLC oversees around 182 client accounts.
Claris Financial, LLC's central office is at 4510 Cox Rd., Glen Allen, Virginia 23060. It is registered to provide services to customers throughout 9 states, including Alabama, Illinois, Maryland, New Jersey, New York, North Carolina, Pennsylvania, Texas and Virginia.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Claris Financial, LLC by the Numbers
$206.6 million
8
908
$227.6 thousand
Products and Services
Financial services that Claris Financial, LLC provides can include portfolio management for individuals and small businesses and educational seminars. However, it did not provide financial planning services to any of its customers in the prior financial year. It is involved in selling products or offering services aside from investment advice to its clients.
Core Advisor Services
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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 for financial advisory services are based on the financial services offered. Fees billed by the firm typically consist of the following fee structure: asset-based. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive 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
It provides services to retail investors and high net worth investors. Out of its 908 clients, Claris Financial, LLC's largest client group is retail investors, though it also manages money for 111 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management 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 accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 20.71%
- Other Individuals - 79.29%
- 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
Claris Financial, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Claris Financial, LLC
Glen Allen, VA
Glen Allen, VA
Glen Allen, VA
Midlothian, VA
Glen Allen, VA
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