Aifg Consultants Ltd. (Halfmoon)


Aifg Consultants Ltd. is a large advisory firm based in Halfmoon. It manages $139.05 million of regulatory assets for 971 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Colorado, Connecticut, and 6 other states.

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

Aifg Consultants: assets under management

The assets under management (AUM) of Aifg Consultants Ltd. is $139.05 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $139.05 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $143.2 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aifg Consultants Ltd. for their services and products based on a percentage of assets under management and hourly charges. 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 Aifg Consultants serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Aifg Consultants is high net worth individuals with 54 clients and $95.38 million of assets under management. Among the 9 most similar advisory firms, Aifg Consultants has the 5th highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $139.05 million for 490 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.

Aifg Consultants doesn't advise any private funds.

Careers at Aifg Consultants Ltd.

The company employs 5 people that are either part- or full-time employees. 60 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
Donald Edward Simmons Founder and executive director 1 Aug 2015 75% - 100% 1836646
Audra Kearney Higgins Chief compliance officer 1 Aug 2015 Other 5654262
Darren James Leader Director of financial planning & research 1 Sep 2015 Other 6257882

Based in Halfmoon

The principal office where Aifg Consultants Ltd. performs its advisory services is located at 139 Meyer Road, Halfmoon, NY 12065, 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 518-406-5624 or by fax 518-406-5625. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at simmonscapitalgroup.com/.