Avenir Private Advisors, LLC is a large advisory firm based in Miami. It manages $130.43 million of regulatory assets for 630 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Connecticut, Florida, New Jersey, North Carolina, and Virginia.
Avenir Private Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Avenir Private Advisors, LLC is $130.43 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -13% since the beginning of its operation, and $69.55 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Avenir Private Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, and high net worth individuals. The largest group of clients of Avenir Private Advisors is individuals with 612 clients and $106.69 million of assets under management. Among the 12 most similar advisory firms, Avenir Private Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $130.43 million for 630 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Avenir Private Advisors doesn't advise any private funds.
The company employs 22 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Avenir Private Advisors, LLC performs its advisory services is located at 177 Ne 44 Th Street, Miami, FL 33137, which is also the mailing address of the firm. An additional office of the firm is in Pensacola, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number +1 (305) 676 6676. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at avenirprivate.com and its LinkedIn profile.