Vfinance Advisors, Inc. (Boca Raton)


Vfinance Advisors, Inc. is a large advisory firm based in Boca Raton. It manages $28 million of regulatory assets for 196 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, New Jersey, and New York.

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

Vfinance Advisors: assets under management

The assets under management (AUM) of Vfinance Advisors, Inc. is $28 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $23 million in discretionary accounts and $5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $130.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $250 thousand.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Vfinance Advisors, 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.

Careers at Vfinance Advisors, Inc.

Leonard Jay Sokolow has been acting as President since 1 May 2005. William Lawrence Groeneveld joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Vfinance Investment Holdings Shareholder 1 May 2005 75% - 100% 03-0488445
Leonard Jay Sokolow Director 1 May 2005 Other 4315011
Richard Anthony Campanella Director 1 May 2005 Other 829176
David Sean Rich Chief compliance officer 1 Dec 2007 Other 2945947
William Lawrence Groeneveld Director 1 Sep 2008 Other 2127534

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Vfinance Shareholder 1 May 2005 75% - 100% 65-0834063
National Holdings Corporation Owner 1 Jul 2008 75% - 100% 36-4128138

Based in Boca Raton

The principal office where Vfinance Advisors, Inc. performs its advisory services is located at 3010 North Military Trail, Boca Raton, FL 33431, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-981-1000 or by fax 866-821-9616. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.vfinance.com.