Florence Capital Advisors, LLC is a large advisory firm based in New York. It manages $292.6 million of regulatory assets for 108 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Connecticut and New York.
Florence Capital Advisors provides financial planning services, 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 prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Florence Capital Advisors, LLC is $292.6 million. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Florence Capital Advisors, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Florence Capital Advisors is high net worth individuals with 28 clients and $277.06 million of assets under management. Among the 9 most similar advisory firms, Florence Capital Advisors has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $291.62 million for 39 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.
Florence Capital Advisors also advises several private funds. Namely, six private equity funds.
The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 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.
Bryanna Catelyn Baxenden joined the executive team most recently as the Chief Compliance Officer/Director Of Operations.
The principal office where Florence Capital Advisors, LLC performs its advisory services is located at 575 Fifth Avenue, New York, NY 10017, 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 (212) 202-3295. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at florencecapital.com/.