Camarda Financial Advisors , LLC (Fleming Island)


Camarda Financial Advisors , LLC is a large advisory firm based in Fleming Island. It manages $211.34 million of regulatory assets for 1,269 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, District of Columbia, Florida, and 6 other states.

Camarda Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Camarda Financial Advisors: assets under management

The assets under management (AUM) of Camarda Financial Advisors , LLC is $211.34 million. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $195.22 million in discretionary accounts and $16.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $156.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $671.73 thousand.
Camarda Financial Advisors has custody of $77.92 million in cash and securities for 183 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 50% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Camarda Financial Advisors , 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 Camarda Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Camarda Financial Advisors is individuals with 370 clients and $108.36 million of assets under management. Among the 10 most similar advisory firms, Camarda Financial Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $207.59 million for 424 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.

Camarda Financial Advisors doesn't advise any private funds.

Careers at Camarda Financial Advisors , LLC

The company employs 14 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 7 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 compensates 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
Jeffrey Michael Franklin Camarda Managing member 1 Sep 1993 Other 1321857
Kimberly Ann Camarda Member 1 Feb 1999 Other 2363791
Lllp Camarda Wealth Advisory Management Managing member 1 Jan 2013 75% - 100% 38-3897309
Llc Singularity Member 1 Jan 2013 75% - 100% 46-1867502
Deborah Sue Romanoski Chief compliance officer 1 Jan 2014 Other xxx-xx-xxxx
Thomas Edward Hertog Chief compliance officer 1 Jun 2015 Other 4850163
Jennifer Lynn Degaetano Vice president operations 1 May 2017 Other 5996423
Owen Lynn Fesperman Chief compliance officer 1 Oct 2017 Other 4655979

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
As Trustee Of The Kimberly K. Camarda 2012 Irrevocable Trust Jeffrey M. Camarda General partner 1 Feb 2013 75% - 100% 46-6606321
As Trustee Of The Jeffrey M. Camarda 2012 Irrevocable Trust Kimberly K. Camarda General partner 1 Feb 2013 Other 46-6606285
Kimberly K. Camarda 2012 Irrevocable Trust Member 1 Feb 2013 75% - 100% 46-6606321
Jeffrey Michael Franklin Camarda Trustee 1 Feb 2013 Other 1321857

Based in Fleming Island

The principal office where Camarda Financial Advisors , LLC performs its advisory services is located at 4371 Us Highway 17 South, Fleming Island, FL 32003, which is also the mailing address of the firm. An additional office of the firm is in Ponte Vedra, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 904-278-1177 or by fax 904-278-1070. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at camarda.com.