Signet Financial Management, LLC (Parsippany)

Name: Signet Financial Management, LLC
Address: 400 Interpace Parkway, Building C, Parsippany, NJ, 07054
Telephone: (973) 543-6660

Signet Financial Management, LLC is a large advisory firm based in Parsippany. It manages $718.72 million of regulatory assets for 1,786 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 25 other states.

Signet Financial Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Signet Financial Management: assets under management

The assets under management (AUM) of Signet Financial Management, LLC is $718.72 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $718.72 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $402.42 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Signet Financial Management is high net worth individuals with 319 clients and $531.4 million of assets under management. Among the 8 most similar advisory firms, Signet Financial Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $717.44 million for 759 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.

Signet Financial Management doesn't advise any private funds.

Careers at Signet Financial Management, LLC

The company employs 19 people that are either part- or full-time employees. 74 percent of the employees work as investment advisers or researchers. 14 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
Stephen Edwin Tuttle	Chief investment officer and chief compliance officer	1 May 2007	Other	2191394
Evgeniy Yurievich Yashin	Director of equity research	1 Jan 2015	25% - 50%	5704938
Kenneth Matthew Etter	Managing director	1 Jan 2015	25% - 50%	2729389
Laura Squier	Chief financial officer	1 Sep 2015	Other	6608085
Shawn Kyle Hirsch	Partner, wealth management	1 May 2019	Other	5592586

Based in Parsippany

The principal office where Signet Financial Management, LLC performs its advisory services is located at 400 Interpace Parkway, Building C, Parsippany, NJ 07054, which is also the mailing address of the firm. An additional office of the firm is in Orlando, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (973) 543-6660 or by fax (973) 543-9033. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at signetfm.com.