Financial Avengers, Inc. (Oakland)

Name: Financial Avengers, Inc.
Address: 505 Fourteenth Street, #310, Oakland, CA, 94612
Telephone: (415) 773-2174

Financial Avengers, Inc. is a large advisory firm based in Oakland. It manages $207.97 million of regulatory assets for 715 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Massachusetts, New York, Texas, and Washington.

Financial Avengers provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Avengers: assets under management

The assets under management (AUM) of Financial Avengers, Inc. is $207.97 million. The firm's AUM has grown by 439% since the beginning of its operation, and $383.88 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $202.4 million in discretionary accounts and $5.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $284.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.86 million.

Financial Avengers has custody of $19.5 million in cash and securities for 29 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Financial Avengers, 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.

What kind of clients Financial Avengers serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Financial Avengers is individuals with 134 clients and $153.51 million of assets under management. Among the 10 most similar advisory firms, Financial Avengers has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $207.97 million for 209 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Financial Avengers doesn't advise any private funds.

Careers at Financial Avengers, Inc.

The company employs 2 people that are either part- or full-time employees. 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 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
Arthur Laval Mccord	Coo	1 Mar 2000	25% - 50%	4128014
Thomas Wainwright Swift	Ceo/chief compliance officer	1 Aug 2000	50% - 75%	2867067

Based in Oakland

The principal office where Financial Avengers, Inc. performs its advisory services is located at 505 Fourteenth Street, #310, Oakland, CA 94612, 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 (415) 773-2174 or by fax (415) 773-2194. The normal business hours are 9:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at financialavengers.com.