Efficient Advisors, LLC (Philadelphia)

Name: Efficient Advisors, LLC
Address: 1801 Market Street, Philadelphia, PA, 19103
Telephone: 267-613-6250

Efficient Advisors, LLC is a large advisory firm based in Philadelphia. It manages $1.08 billion of regulatory assets for 6,006 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Arizona, California, and 36 other states.

Efficient Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Efficient Advisors: assets under management

The assets under management (AUM) of Efficient Advisors, LLC is $1.08 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 26050% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.08 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $179 thousand each.

Efficient Advisors has custody of $274.62 million in cash and securities for 173 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in pooled investment vehicles form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Efficient Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gerrit Andrew Fedele serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Gerrit Andrew Fedele is individuals with 2,552 clients and $474.93 million of assets under management. Among the 9 most similar advisory firms, Efficient Advisors has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.08 billion for 2,904 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Efficient Advisors doesn't advise any private funds.

Careers at Efficient Advisors, LLC

The company employs 21 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There are 116 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Efficient Advisors, LLC is owned by Mark Bruce Klein. Gerrit Andrew Fedele has been acting as President since 1 Dec 2014. James Russell Hadaway joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc The Advisor Lab	Owner/member	1 Mar 2009	75% - 100%	26-4561501
Gerrit Andrew Fedele	Chief executive officer, chief compliance officer, managing member (elected)	1 Mar 2009	Other	2442980
Mark Bruce Klein	Vice president/chief legal officer/member (elected)	1 Mar 2009	Other	2994239
Gerrit Andrew Fedele	Chief compliance officer	1 Jun 2009	Other	2442980
Almus Lawain Mcneil	Chief executive officer	1 Jun 2009	Other	5661868
Richard Paul Shappell	Chief financial officer	1 Jun 2009	Other	4208099
Almus Lawain Mcneil	Chief marketing officer	1 May 2010	Other	5661868
Gerrit Andrew Fedele	President	1 May 2010	Other	2442980
Mark Bruce Klein	Owner/member	1 Jan 2012	25% - 50%	2994239
Almus Lawain Mcneil	Owner/member	1 Jan 2012	25% - 50%	5661868
Llc Richardson Investors	Owner/member	1 Jan 2012	25% - 50%	26-4561414
Almus Lawain Mcneil	President	1 Dec 2013	Other	5661868
Gerrit Andrew Fedele	President	1 Dec 2014	Other	2442980
Llc Fiduciary Services Group	Owner/member	1 Aug 2015	75% - 100%	47-1326202
John T Blood	Chief executive officer	1 Dec 2015	Other	4270742
Inc. Jjcc Financial	Owner	1 Dec 2015	25% - 50%	46-1333077
Nicole P Newlin	President	1 Mar 2016	Other	4181542
Patrick J O´Connor	Chief executive officer	1 Mar 2017	Other	6776047
Llc Fiduciary Services Group	Sole member	1 May 2017	75% - 100%	47-1326202
Llc Fiduciary Services Group	Sole member	1 Sep 2017	75% - 100%	82-2384824
Gerrit Andrew Fedele	Chief financial officer	1 Sep 2017	Other	2442980
Jeremy Knapp	Cfo	1 Feb 2018	Other	6929195
James Russell Hadaway	Chief compliance officer	1 Jul 2019	Other	3070075

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lawain Mcneil	President/member (elected)	1 Feb 2009	25% - 50%	4909816
Mark Bruce Klein	Ceo/member (elected)	1 Feb 2009	25% - 50%	2994239
Llp Dilworth Paxson	Owner/member	1 Feb 2009	25% - 50%	23-1398811
Almus Lawain Mcneil	President/member (elected)	1 Feb 2009	25% - 50%	5661868
Llc Richardson Investors	Owner/member	1 Feb 2009	25% - 50%	26-4561414
Richard Paul Shappell	Chief financial officer (elected manager)	1 Feb 2009	Other	4208099
Llc Fiduciary Services Group	Owner/member	1 Jul 2014	75% - 100%	47-1326202
Mark Bruce Klein	Member	1 Jul 2014	50% - 75%	2994239
Mark Bruce Klein	Member	1 Sep 2017	50% - 75%	2994239
Llc Fsg Partners	Member	1 Sep 2017	50% - 75%	47-1326202
L.P. Llr Equity Partners V	Member	1 Sep 2017	25% - 50%	37-1841189

Based in Philadelphia

The principal office where Efficient Advisors, LLC performs its advisory services is located at 1801 Market Street, Philadelphia, PA 19103, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 267-613-6250 or by fax 267-613-6259. The normal business hours are 8:30 - 5:30 on Monday - Friday. You can find more information about the New York firm at efficientadvisors.com.