Advanced Financial Strategies Inc (Irvine)

Name: Advanced Financial Strategies Inc
Address: 5 Hubble, Irvine, CA, 92618
Telephone: 949-502-5333

Advanced Financial Strategies Inc is a large advisory firm based in Irvine. It manages $171.25 million of regulatory assets for 424 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California and Texas.

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

Advanced Financial Strategies: assets under management

The assets under management (AUM) of Advanced Financial Strategies Inc is $171.25 million. The firm's AUM has grown by 446% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $166.86 million in discretionary accounts and $4.39 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $418.19 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $175.49 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is other assets, which make up 12% of the firm’s portfolio. Investments in exchange traded securities form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Advanced Financial Strategies Inc 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 Advanced Financial Strategies serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Advanced Financial Strategies is high net worth individuals with 58 clients and $151.63 million of assets under management. Among the 8 most similar advisory firms, Advanced Financial Strategies has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $171.25 million for 159 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.

Advanced Financial Strategies doesn't advise any private funds.

Careers at Advanced Financial Strategies Inc

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
Pierre Ngoc Ngo	President, chief compliance officer, secretary, treasurer	1 Mar 1997	75% - 100%	1519944
Inc. Aspen Advisory Group	Holding company	1 Jul 1999	75% - 100%	33-0867867

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Aslan Hasan Abregov	Shareholder	1 Jul 1999	25% - 50%	4375374
Craig Anthony Paprino	Shareholder	1 Jul 1999	25% - 50%	4375375
Curtis Martin Steinhaus	Shareholder	1 Jul 1999	25% - 50%	4375376
Pierre Ngoc Ngo	Shareholder	1 Jan 2000	25% - 50%	1519944

Based in Irvine

The principal office where Advanced Financial Strategies Inc performs its advisory services is located at 5 Hubble, Irvine, CA 92618, 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 949-502-5333 or by fax 949-502-6686. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at afs1.com.