Financial Planning Analysts, LLC (Melville)

Financial Planning Analysts, LLC is a mid-sized advisory firm based in Melville. It manages $25.05 million of regulatory assets for 70 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of New Jersey and New York.

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

Financial Planning Analysts: assets under management

The assets under management (AUM) of Financial Planning Analysts, LLC is $25.05 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $25.05 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $357.85 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Planning Analysts, 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.

What kind of clients Financial Planning Analysts serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Financial Planning Analysts is high net worth individuals with 60 clients and $20.4 million of assets under management. Among the 3 most similar advisory firms, Financial Planning Analysts has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $25.05 million for 69 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.

Financial Planning Analysts doesn't advise any private funds.

Careers at Financial Planning Analysts, 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. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 2 people 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
Mark Stewart Brody	Managing member/chief compliance officer	1 Mar 2002	75% - 100%	1475753

Based in Melville

The principal office where Financial Planning Analysts, LLC performs its advisory services is located at 734 Walt Whitman Rd, Melville, NY 11747, 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 631-423-8800 or by fax 631-423-8831. The normal business hours are 9:00am - 5:00pm on Monday - Friday.