Family Financial Solutions Group, LLC (Durango)

Family Financial Solutions Group, LLC is a large advisory firm based in Durango. It manages $262.2 million of regulatory assets for 27 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Colorado.

Family Financial Solutions Group provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Family Financial Solutions Group: assets under management

The assets under management (AUM) of Family Financial Solutions Group, LLC is $262.2 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 23% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Family Financial Solutions Group, LLC for their services and products based on a percentage of assets under management. 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 Family Financial Solutions Group serves?

The firm provides services to high net worth individuals and corporations or other businesses. The largest group of clients of Family Financial Solutions Group is high net worth individuals with 16 clients and $200.57 million of assets under management. Among the 11 most similar advisory firms, Family Financial Solutions Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $262.2 million for 20 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.

Family Financial Solutions Group doesn't advise any private funds.

Careers at Family Financial Solutions Group, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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
Michael Ellis Tyler	Managing member and cco	1 Sep 2006	75% - 100%	5234179

Based in Durango

The principal office where Family Financial Solutions Group, LLC performs its advisory services is located at 270 East College Drive, Durango, CO 81301, 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 970-259-1040. The normal business hours are 9:00 to 5:00 on Monday - Friday.