Futura Asset Advisors LLC (Coral Gables)

Futura Asset Advisors LLC is a large advisory firm based in Coral Gables. It manages $144.68 million of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Florida.

Futura Asset Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and solicitation for funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Futura Asset Advisors: assets under management

The assets under management (AUM) of Futura Asset Advisors LLC is $144.68 million. The firm's AUM has grown by 20% since the beginning of its operation, and $100 of the total AUM is attributable to clients outside of the United States.

The firm manages $93.01 million in discretionary accounts and $51.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.9 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $25.84 million.

Investments

The firm invests in investment grade corporate bonds the most. They account for 28% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in exchange traded securities form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Futura Asset Advisors LLC for their services and products based on a percentage of assets under management 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 Edward Henry Urquidi serves?

The firm provides services to insurance companies, high net worth individuals, and corporations or other businesses. The largest group of clients of Edward Henry Urquidi is corporations or other businesses with 15 clients and $98.19 million of assets under management. Among the 9 most similar advisory firms, Futura Asset Advisors has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $144.68 million for 21 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Futura Asset Advisors doesn't advise any private funds.

Careers at Futura Asset Advisors LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 3 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edward Henry Urquidi	President/chief compliance officer	1 May 2005	75% - 100%	2172307

Based in Coral Gables

The principal office where Futura Asset Advisors LLC performs its advisory services is located at 2121 Ponce De Leon Blvd, Coral Gables, FL 33134, 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) 774-9906 or by fax (306) 774-9910. The normal business hours are 9:00-5:00 on Monday - Friday.