Emerald Asset Advisors LLC (Weston)


Emerald Asset Advisors LLC is a large advisory firm based in Weston. It manages $224.78 million of regulatory assets for 547 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Colorado, Florida, Louisiana, New Hampshire, and North Carolina.

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

Emerald Asset Advisors: assets under management

The assets under management (AUM) of Emerald Asset Advisors LLC is $224.78 million. The firm's AUM has grown by 324% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $192.52 million in discretionary accounts and $32.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $357.85 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.58 million.
Emerald Asset Advisors has custody of $224.78 million in cash and securities for 184 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is investment and business development companies, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Emerald Asset Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Scot Laurence Hunter 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 Scot Laurence Hunter is high net worth individuals with 84 clients and $178.66 million of assets under management. Among the 7 most similar advisory firms, Emerald Asset Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $222.72 million for 208 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.

Emerald Asset Advisors doesn't advise any private funds.

Careers at Emerald Asset Advisors LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

Scot Laurence Hunter has been acting as President since 1 Oct 1998. Cwrs Llc joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Alan Isbitts President and chief investment officer 1 Oct 1998 25% - 50% 2312302
Scot Laurence Hunter Director 1 Oct 1998 25% - 50% 1312071
Baruch Levy Director 1 Oct 1998 25% - 50% 1429242
Allan Michael Budelman Director of operations 1 Mar 1999 Other 3210648
Donna Sue Naitove Chief compliance officer 1 Jul 2005 Other 1031631
Allan Michael Budelman Chief compliance officer, managing partner, managing member 1 Dec 2007 Other 3210648
Scot Laurence Hunter Ceo, managing member 1 Jan 2008 Other 1312071
Llc Running Rebel Consulting Member 1 Jul 2010 75% - 100% 27-1624430
Inc Ddiawa Consulting Member 1 Jul 2010 Other 27-0327289
Melissa Jo Budelman Chief operating officer 1 Apr 2015 Other 5343398
Melissa Jo Budelman Chief compliance officer 1 Mar 2016 Other 5343398
Cwrs Llc Member 1 Jul 2016 Other 81-3385841

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Allan Michael Budelman Sole shareholder 1 Jul 2010 75% - 100% 3210648
Scot L. Hunter Trustee 1 Jul 2010 75% - 100% xxx-xx-xxxx
Scot L. Hunter Revocable Trust Sole shareholder 1 Jul 2010 75% - 100% xxx-xx-xxxx
Melissa Jo Budelman Sole shareholder 1 Jul 2016 75% - 100% 5343398

Based in Weston

The principal office where Emerald Asset Advisors LLC performs its advisory services is located at 2843 Executive Park Drive, Weston, FL 33331, which is also the mailing address of the firm. An additional office of the firm is in Aspen, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 954-385-9624 or by fax 954-385-6764. 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 emerald-eas.com.