J. E. Sandifer Financial Consultants, Inc. (Mobile)

Name: J. E. Sandifer Financial Consultants, Inc.
Address: 3615 Old Shell Road, Mobile, AL, 36608
Telephone: 251-340-1984

J. E. Sandifer Financial Consultants, Inc. is a large advisory firm based in Mobile. It manages $132.92 million of regulatory assets for 503 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Florida, Kentucky, and 3 other states.

J. E. Sandifer Financial Consultants provides financial planning services, 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.

J. E. Sandifer Financial Consultants: assets under management

The assets under management (AUM) of J. E. Sandifer Financial Consultants, Inc. is $132.92 million. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $128.42 million in discretionary accounts and $4.49 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $256.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.25 million.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay J. E. Sandifer Financial Consultants, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 J. E. Sandifer Financial Consultants serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of J. E. Sandifer Financial Consultants is high net worth individuals with 34 clients and $87.98 million of assets under management. Among the 9 most similar advisory firms, J. E. Sandifer Financial Consultants has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $132.92 million for 200 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.

J. E. Sandifer Financial Consultants doesn't advise any private funds.

Careers at J. E. Sandifer Financial Consultants, Inc.

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 3 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
James Edward Sandifer	President and chief compliance officer	1 Sep 1997	75% - 100%	1031904

Based in Mobile

The principal office where J. E. Sandifer Financial Consultants, Inc. performs its advisory services is located at 3615 Old Shell Road, Mobile, AL 36608, 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 251-340-1984 or by fax 251-340-1997. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at jesandifer.com.