Butensky & Cohen Financial Security Inc (Ponte Vedra Beach)

Name: Butensky & Cohen Financial Security Inc
Address: The Butensky & Cohen Building, Ponte Vedra Beach, FL, 32082
Telephone: 904-273-9850

Butensky & Cohen Financial Security Inc is a large advisory firm based in Ponte Vedra Beach. It manages $281.32 million of regulatory assets for 968 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 8 other states.

Butensky & Cohen Financial Security provides financial planning services, portfolio management for individuals and small businesses, and pension 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.

Butensky & Cohen Financial Security: assets under management

The assets under management (AUM) of Butensky & Cohen Financial Security Inc is $281.32 million. The firm's AUM has grown by 640% since the beginning of its operation, and $6.43 million of the total AUM is attributable to clients outside of the United States.

The firm manages $276.08 million in discretionary accounts and $5.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $292.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $228.03 thousand.

Butensky & Cohen Financial Security has custody of $15.34 million in cash and securities for 36 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment grade corporate bonds the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Butensky & Cohen Financial Security 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 Jan David Butensky serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jan David Butensky is high net worth individuals with 85 clients and $179.6 million of assets under management. Among the 10 most similar advisory firms, Butensky & Cohen Financial Security has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $267.76 million for 416 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Butensky & Cohen Financial Security doesn't advise any private funds.

Careers at Butensky & Cohen Financial Security Inc

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 7 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.

Jan David Butensky has been acting as President since 1 Mar 1995. Allan Abraham Cohen joined the executive team most recently as the President/Ceo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jan David Butensky	President/principal	1 Mar 1995	25% - 50%	720628
Allan Abraham Cohen	Chief executive officer and principal	1 Mar 1995	25% - 50%	720627
Jacqueline Ann Bos	Chief compliance officer	1 Jan 2009	Other	2493047
John Collin Murphy	Investment manager	1 Jan 2011	Other	4509081
Thomas Leonard Ellis	Vice president	1 Nov 2017	25% - 50%	4448624
Sean (Nmn) Guldi	Partner and chief investment officer	1 Jan 2018	Other	5671586
Allan Abraham Cohen	President/ceo	1 Nov 2018	25% - 50%	720627

Based in Ponte Vedra Beach

The principal office where Butensky & Cohen Financial Security Inc performs its advisory services is located at The Butensky & Cohen Building, Ponte Vedra Beach, FL 32082, 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 904-273-9850 or by fax 904-273-6920. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at butenskycohen.com.