Efp Advisors Inc. (Jackson)

Name: Efp Advisors Inc.
Address: 1501 Lakeland Drive, Jackson, MS, 39216
Telephone: 601-206-0006

Efp Advisors Inc. is a large advisory firm based in Jackson. It manages $169.84 million of regulatory assets for 1,148 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Florida, Georgia, and 4 other states.

Efp 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.

Efp Advisors: assets under management

The assets under management (AUM) of Efp Advisors Inc. is $169.84 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 37% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $169.84 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $147.94 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Efp Advisors Inc. 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 Douglas Max Mcdaniel serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Douglas Max Mcdaniel is high net worth individuals with 59 clients and $97.03 million of assets under management. Among the 13 most similar advisory firms, Efp Advisors has the 7th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $169.84 million for 568 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.

Efp Advisors doesn't advise any private funds.

Careers at Efp Advisors Inc.

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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.

Douglas Max Mcdaniel has been acting as President since 1 Feb 2012. Christopher James Register joined the executive team most recently as the Vice President; Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Max Mcdaniel	President	1 Feb 2012	50% - 75%	1340937
Christopher James Register	Vice-president; chief compliance officer	1 Feb 2012	25% - 50%	4909457

Based in Jackson

The principal office where Efp Advisors Inc. performs its advisory services is located at 1501 Lakeland Drive, Jackson, MS 39216, 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 601-206-0006 or by fax 601-206-0011. The normal business hours are 8.00 am - 5.00pm on Monday - Friday. You can find more information about the New York firm at mcdanielregister.com.