Brewster Financial Planning LLC (Brooklyn)

Name: Brewster Financial Planning LLC
Address: 641 President Street, Brooklyn, NY, 11215
Telephone: 646-249-9880

Brewster Financial Planning LLC is a mid-sized advisory firm based in Brooklyn. It manages $99.21 million of regulatory assets for 497 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California and New York.

Brewster Financial Planning provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Brewster Financial Planning: assets under management

The assets under management (AUM) of Brewster Financial Planning LLC is $99.21 million. The firm's AUM has grown by 173% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $98.99 million in discretionary accounts and $221.7 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $199.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $221.7 thousand.

Brewster Financial Planning has custody of $36.91 million in cash and securities for 118 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 38% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brewster Financial Planning LLC 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 Brewster Financial Planning serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Brewster Financial Planning is high net worth individuals with 65 clients and $83.36 million of assets under management. Among the 9 most similar advisory firms, Brewster Financial Planning has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $98.45 million for 104 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.

Brewster Financial Planning doesn't advise any private funds.

Careers at Brewster Financial Planning LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Charles Erskine Scott Brewster	Managing member, chief compliance officer	1 Apr 2001	75% - 100%	4643367

Based in Brooklyn

The principal office where Brewster Financial Planning LLC performs its advisory services is located at 641 President Street, Brooklyn, NY 11215 The mailing address of the firm is 641 President Street, Brooklyn, NY 11215. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-249-9880 or by fax 646-219-6423. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at brewsterfp.com.