Byrne Financial Freedom, LLC (Franklin)

Name: Byrne Financial Freedom, LLC
Address: 11 East Street, Franklin, MA, 02038
Telephone: 508-528-9366

Byrne Financial Freedom, LLC is a large advisory firm based in Franklin. It manages $138.34 million of regulatory assets for 867 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and 4 other states.

Byrne Financial Freedom provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Byrne Financial Freedom: assets under management

The assets under management (AUM) of Byrne Financial Freedom, LLC is $138.34 million. The firm's AUM has grown by 36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $138.14 million in discretionary accounts and $194.83 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $159.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $194.83 thousand.

Byrne Financial Freedom has custody of $19.39 million in cash and securities for 55 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 36% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Byrne Financial Freedom, LLC 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.

What kind of clients Byrne Financial Freedom serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Byrne Financial Freedom is individuals with 446 clients and $117.14 million of assets under management. Among the 10 most similar advisory firms, Byrne Financial Freedom has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $137.75 million for 458 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.

Byrne Financial Freedom doesn't advise any private funds.

Careers at Byrne Financial Freedom, LLC

The company employs 7 people that are either part- or full-time employees. 100 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
Joseph Gerard Byrne	Managing member & chief compliance officer	1 Feb 2006	75% - 100%	1901015

Based in Franklin

The principal office where Byrne Financial Freedom, LLC performs its advisory services is located at 11 East Street, Franklin, MA 02038, 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 508-528-9366 or by fax 508-528-9369. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at byrnefinancialfreedom.com.