Andbanc Advisory LLC (Miami)

Andbanc Advisory provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Andbanc Advisory: assets under management

The assets under management (AUM) of Andbanc Advisory LLC is $425.73 million. The firm's AUM has grown by 68% since the beginning of its operation, and $361.87 million of the total AUM is attributable to clients outside of the United States.

The firm manages $199.63 million in discretionary accounts and $226.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.17 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.35 million.

Investments

The firm invests in investment and business development companies the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in investment grade corporate bonds form 25% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Andbanc Advisory LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Andbanc Advisory serves?

The only and largest group of clients of Andbanc Advisory is high net worth individuals with 260 clients and $425.73 million of assets under management. Among the 9 most similar advisory firms, Andbanc Advisory has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $425.73 million for 260 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 72% of the firm’s clients are foreign persons or businesses.

Andbanc Advisory doesn't advise any private funds.

Careers at Andbanc Advisory LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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

Indirect Owners

The SEC currently registers 4 indirect owners.

Based in Miami

The principal office where Andbanc Advisory LLC performs its advisory services is located at 1221 Brickell Avenue, Miami, FL 33131, 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 305-702-0601 or by fax 305-704-8277. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.

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