Blackston's Financial Advisory Group, LLC (The Villages)


Blackston's Financial Advisory Group, LLC is a large advisory firm based in The Villages. It manages $115.11 million of regulatory assets for 1,300 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Kentucky, Louisiana, and 3 other states.

Blackston's Financial Advisory Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for approximately 1,046 clients. On top of advisory services, the firm doesn't engage in other business activities.

Blackston's Financial Advisory Group: assets under management

The assets under management (AUM) of Blackston's Financial Advisory Group, LLC is $115.11 million. The firm's AUM has grown by 14% since the beginning of its operation, and $693.82 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $110.92 million in discretionary accounts and $4.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $90.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $58.17 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Blackston's Financial Advisory Group, LLC for their services and products based on a percentage of assets under management. 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.

What kind of clients Blackston's Financial Advisory Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Blackston's Financial Advisory Group is individuals with 860 clients and $82.15 million of assets under management. Among the 7 most similar advisory firms, Blackston's Financial Advisory Group has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $115.11 million for 915 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.

Blackston's Financial Advisory Group doesn't advise any private funds.

Careers at Blackston's Financial Advisory Group, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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 receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David S Blackston Member 1 Jul 2012 50% - 75% 5458383
Richard Kyle Blackston Vice president 1 Jul 2012 Other 6904997
Andrea Evans Blackston Member 1 Jul 2012 Other 6905002
William Andrew Blackston Member 1 Jul 2012 Other 5898822
William Andrew Blackston Member/chief compliance officer 1 Apr 2018 Other 5898822

Based in The Villages

The principal office where Blackston's Financial Advisory Group, LLC performs its advisory services is located at 8564 E. County Road 466, The Villages, FL 32162, which is also the mailing address of the firm. An additional office of the firm is in Clermont, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 352-633-9046 or by fax 352-633-9043. The normal business hours are 8:30am-4:30pm on Monday - Friday. You can find more information about the New York firm at facebook.com/blackstonfinancialadvisorygroup/.