Fiduciary Advisor Advocates, LLC (Katonah)

Name: Fiduciary Advisor Advocates, LLC
Address: 31 Croton Lake Road, Katonah, NY, 10536
Telephone: 914-643-6014

Fiduciary Advisor Advocates, LLC is a large advisory firm based in Katonah. It manages $139.5 million of regulatory assets for 71 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Fiduciary Advisor Advocates provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fiduciary Advisor Advocates: assets under management

The assets under management (AUM) of Fiduciary Advisor Advocates, LLC is $139.5 million. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $18 million in discretionary accounts and $121.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $295.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.15 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 40% of the total AUM. The second-largest asset type is investment and business development companies, which make up 35% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fiduciary Advisor Advocates, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fiduciary Advisor Advocates serves?

The firm provides services to high net worth individuals and corporations or other businesses. The largest group of clients of Fiduciary Advisor Advocates is high net worth individuals with 61 clients and $18 million of assets under management. Among the 8 most similar advisory firms, Fiduciary Advisor Advocates has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $21 million for 66 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.

Fiduciary Advisor Advocates doesn't advise any private funds.

Careers at Fiduciary Advisor Advocates, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Patrick Mulvey	Ceo/chief compliance officer	1 Jul 2013	75% - 100%	1440469

Based in Katonah

The principal office where Fiduciary Advisor Advocates, LLC performs its advisory services is located at 31 Croton Lake Road, Katonah, NY 10536, 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 914-643-6014. The normal business hours are 9:30am-4:00pm on Monday - Friday. You can find more information about the New York firm at faadvocates.com.