Financial Planning Associates, LLC (White Plains)

Financial Planning Associates, LLC is a mid-sized advisory firm based in White Plains. It manages $60.45 million of regulatory assets for 73 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Connecticut, New Hampshire, New Jersey, New York, and Texas.

Financial Planning Associates provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Planning Associates: assets under management

The assets under management (AUM) of Financial Planning Associates, LLC is $60.45 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $60.45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $828.06 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Financial Planning Associates is high net worth individuals with 40 clients and $49.44 million of assets under management. Among the 0 most similar advisory firms, Financial Planning Associates has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $60.45 million for 73 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 Associates doesn't advise any private funds.

Careers at Financial Planning Associates, LLC

The company employs 2 people that are either part- or full-time employees. 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
Antonio Angelo Taddeo	Chief compliance officer	1 Dec 2011	75% - 100%	5110448
Stephen Thomas Gillingham	Texas designated principal	1 Jan 2012	Other	2566667

Based in White Plains

The principal office where Financial Planning Associates, LLC performs its advisory services is located at 399 Knollwood Road, White Plains, NY 10603, 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) 997-9229 X13 or by fax (914) 997-2139. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.