Nfi Advisors, Inc (Novi)

Nfi Advisors, Inc is an adviser based in Novi. It manages $49.42 million of regulatory assets for 371 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California and Michigan.

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

Nfi Advisors: assets under management

The assets under management (AUM) of Nfi Advisors, Inc is $49.42 million. The firm's AUM has grown by 9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $19.56 million in discretionary accounts and $29.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $68.89 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $343.17 thousand.

Nfi Advisors has custody of $6.14 million in cash and securities for 34 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Nfi Advisors, Inc 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.

Careers at Nfi Advisors, Inc

Thomas Phillip Norris has been acting as President since 1 Jan 2004. Scott Sitner joined the executive team most recently as the Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc Nfi Advisors	Corp	1 Jan 2004	75% - 100%	130717
Thomas Phillip Norris	President	1 Jan 2004	75% - 100%	1330765
Scott Sitner	Compliance officer	1 Nov 2005	Other	5123332
Diana Barnes	Chief compliance officer	1 Nov 2005	Other	5123332

Based in Novi

The principal office where Nfi Advisors, Inc performs its advisory services is located at 39475 W. 13 Mile Rd., Novi, MI 48377 2359, which is also the mailing address of the firm. An additional office of the firm is in Milford, MI. It doesn’t run an office outside of the United States.