Nia Impact Advisors, LLC (Oakland)

Name: Nia Impact Advisors, LLC
Address: 2323 Broadway, Oakland, CA, 94612
Telephone: 510-601-5575

Nia Impact Advisors, LLC is a large advisory firm based in Oakland. It manages $100.03 million of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Colorado, and Texas.

Nia Impact Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, educational seminars and workshops, and appoint one or more sub-advisers to manage client assets. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Nia Impact Advisors: assets under management

The assets under management (AUM) of Nia Impact Advisors, LLC is $100.03 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $99.53 million in discretionary accounts and $496.38 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.31 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $496.38 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 23% of the firm’s portfolio. Investments in investment and business development companies form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Nia Impact Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nia Impact Advisors serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, and corporations or other businesses. The largest group of clients of Nia Impact Advisors is high net worth individuals with 35 clients and $62.33 million of assets under management. Among the 6 most similar advisory firms, Nia Impact Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $100.03 million for 59 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.

Nia Impact Advisors doesn't advise any private funds.

Careers at Nia Impact Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kristin Blair Hull	Sole and managing member, chief executive officer, and chief compliance officer	1 Feb 2017	75% - 100%	2444600

Based in Oakland

The principal office where Nia Impact Advisors, LLC performs its advisory services is located at 2323 Broadway, Oakland, CA 94612, 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 510-601-5575. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at instagram.com/niaglobalsolutions.