Finarc Investments, Inc. (Norwood)

Name: Finarc Investments, Inc.
Address: 315 Norwood Park South, Norwood, MA, 02062
Telephone: 781-762-8080

Finarc Investments, Inc. is a large advisory firm based in Norwood. It manages $117.22 million of regulatory assets for 404 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Massachusetts, New Hampshire, New York, Texas, and Vermont.

Finarc Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and general consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Finarc Investments: assets under management

The assets under management (AUM) of Finarc Investments, Inc. is $117.22 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $117.22 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $290.16 thousand each.

Finarc Investments has custody of $49.38 million in cash and securities for 50 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Finarc Investments, 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 Finarc Investments serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Finarc Investments is high net worth individuals with 41 clients and $88.73 million of assets under management. Among the 11 most similar advisory firms, Finarc Investments has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $116.89 million for 106 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.

Finarc Investments doesn't advise any private funds.

Careers at Finarc Investments, 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 compensates 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
Matthew Craig Slaney	President and chief compliance officer	1 Nov 2012	75% - 100%	2315720

Based in Norwood

The principal office where Finarc Investments, Inc. performs its advisory services is located at 315 Norwood Park South, Norwood, MA 02062, 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 781-762-8080 or by fax 781-762-0269. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at finarc.com.