Clover Leaf Financial, LLC (Fairport)

Name: Clover Leaf Financial, LLC
Address: 1387 Fairport Rd, Fairport, NY, 14450
Telephone: 585-899-3940

Clover Leaf Financial, LLC is a mid-sized advisory firm based in Fairport. It manages $29.39 million of regulatory assets for 205 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida and New York.

Clover Leaf Financial 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.

Clover Leaf Financial: assets under management

The assets under management (AUM) of Clover Leaf Financial, LLC is $29.39 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $29.39 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $143.39 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Clover Leaf Financial, 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 Clover Leaf Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Clover Leaf Financial is individuals with 199 clients and $22.71 million of assets under management. Among the 3 most similar advisory firms, Clover Leaf Financial has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $29.39 million for 205 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.

Clover Leaf Financial doesn't advise any private funds.

Careers at Clover Leaf Financial, LLC

The company employs 10 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 9 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Christian Kelley	Managing member & chief compliance officer	1 Jul 2015	75% - 100%	5459417

Based in Fairport

The principal office where Clover Leaf Financial, LLC performs its advisory services is located at 1387 Fairport Rd, Fairport, NY 14450, which is also the mailing address of the firm. An additional office of the firm is in Dade City, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-899-3940 or by fax 585-899-3942. 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 cloverleafteam.com.