Adam Financial Associates Inc (Boca Raton)

Name: Adam Financial Associates Inc
Address: 2500 N. Military Trail, Boca Raton, FL, 33431
Telephone: 561-417-0001

Adam Financial Associates Inc is a large advisory firm based in Boca Raton. It manages $160.8 million of regulatory assets for 632 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Texas, and Virginia.

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

Adam Financial Associates: assets under management

The assets under management (AUM) of Adam Financial Associates Inc is $160.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 402% since the beginning of its operation, and $855.74 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $160.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $254.44 thousand each.

Adam Financial Associates has custody of $113.91 million in cash and securities for 185 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 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Adam Financial Associates Inc for their services and products based on a percentage of assets under management, hourly charges, 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 Mari B Adam serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mari B Adam is high net worth individuals with 65 clients and $112.12 million of assets under management. Among the 7 most similar advisory firms, Adam Financial Associates has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $160.8 million for 197 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Adam Financial Associates doesn't advise any private funds.

Careers at Adam Financial Associates 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. 2 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.

Mari B Adam has been acting as President since 1 Jun 1995. Mari Baumgarten Adam joined the executive team most recently as the President, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mari Baumgarten Adam	President, chief compliance officer	1 Jun 1995	75% - 100%	2522739
Mari B Adam	President	1 Jun 1995	75% - 100%	2522739
Mari B Adam	Chief compliance officer	1 Jun 2004	75% - 100%	2522739

Based in Boca Raton

The principal office where Adam Financial Associates Inc performs its advisory services is located at 2500 N. Military Trail, Boca Raton, FL 33431, 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 561-417-0001 or by fax 561-417-0002. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at adamfinl.com.