American Financial Network Advisory Services, LLC (Calabasas)

Name: American Financial Network Advisory Services, LLC
Address: 23975 Park Sorrento, Calabasas, CA, 91302
Telephone: (818) 264-4644

American Financial Network Advisory Services, LLC is a large advisory firm based in Calabasas. It manages $184.98 million of regulatory assets for 629 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.

American Financial Network Advisory Services provides financial planning services, 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 more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

American Financial Network Advisory Services: assets under management

The assets under management (AUM) of American Financial Network Advisory Services, LLC is $184.98 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 74% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $184.98 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $294.08 thousand each.

American Financial Network Advisory Services has custody of $184.98 million in cash and securities for 210 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay American Financial Network Advisory Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 American Financial Network Advisory Services serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of American Financial Network Advisory Services is high net worth individuals with 52 clients and $140.2 million of assets under management. Among the 9 most similar advisory firms, American Financial Network Advisory Services has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $184.98 million for 216 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.

American Financial Network Advisory Services doesn't advise any private funds.

Careers at American Financial Network Advisory Services, LLC

The company employs 22 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 9 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
Llc American Financial Network	Holding company parent	1 Oct 2012	75% - 100%	46-1169193
Brett Scott Ellen	Ceo	1 Feb 2013	Other	1460478
Joanna Dawn Hampton	Chief compliance officer	1 Feb 2013	Other	3101022
Steven Everett Hoppel	Director of client services and chief compliance officer	1 Aug 2014	Other	4845148
Daniel Becerra	Chief compliance officer	1 Mar 2016	Other	4166468
Craig Robert Watanabe	Chief compliance officer	1 Aug 2017	Other	1177960
Steven Ira Levin	Chief compliance officer	1 Mar 2018	Other	5984170
Rohit Jiledar Singh	Chief operating officer	1 Mar 2018	Other	5679037
Sandra Lee Stepp	Chief compliance officer	1 Aug 2019	Other	2549826

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Brett Scott Ellen	Ceo	1 Oct 2012	75% - 100%	1460478

Based in Calabasas

The principal office where American Financial Network Advisory Services, LLC performs its advisory services is located at 23975 Park Sorrento, Calabasas, CA 91302, 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 (818) 264-4644 or by fax (818) 222-5293. The normal business hours are 6:30am to 5:30pm on Monday - Friday. You can find more information about the New York firm at afn-net. com.