Faraco Partners, LLC (Scarsdale)

Faraco Partners, LLC is a large advisory firm based in Scarsdale. It manages $171.8 million of regulatory assets for 29 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Faraco Partners provides 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.

Faraco Partners: assets under management

The assets under management (AUM) of Faraco Partners, LLC is $171.8 million. $171.8 million of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in derivatives the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Faraco Partners, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Faraco Partners serves?

The only and largest group of clients of Faraco Partners is high net worth individuals with 20 clients and $111.8 million of assets under management. Among the 10 most similar advisory firms, Faraco Partners has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $111.8 million for 20 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Faraco Partners doesn't advise any private funds.

Careers at Faraco Partners, 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’s a single person 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
Francisco Jose Faraco	Managing member/cco	1 Feb 2017	75% - 100%	5095972

Based in Scarsdale

The principal office where Faraco Partners, LLC performs its advisory services is located at 7 Seneca Road, Scarsdale, NY 10583 6930, 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) 723-7600 or by fax (914) 723-2632. The normal business hours are 7:00am - 5:00pm est on Monday - Friday.