Psi Advisors, LLC (Tampa)


Psi Advisors, LLC is a large advisory firm based in Tampa. It manages $341.29 million of regulatory assets for 1,599 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Georgia, and 10 other states.

Psi Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Psi Advisors: assets under management

The assets under management (AUM) of Psi Advisors, LLC is $341.29 million. The firm's AUM has grown by 202% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $240.71 million in discretionary accounts and $100.58 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $156.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.7 million.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Psi Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Psi Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Psi Advisors is individuals with 1,171 clients and $248 million of assets under management. Among the 12 most similar advisory firms, Psi Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $340.59 million for 1,312 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.

Psi Advisors doesn't advise any private funds.

Careers at Psi Advisors, LLC

The company employs 19 people that are either part- or full-time employees. 47 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
Eric Damien Eaton Member 1 Oct 2016 75% - 100% 2938571
Michele Joi Delsordo Elected manager; chief compliance officer 1 Oct 2016 Other 2058108

Based in Tampa

The principal office where Psi Advisors, LLC performs its advisory services is located at 13059 W. Linebaugh Ave Ste. 102, Tampa, FL 33626, which is also the mailing address of the firm. An additional office of the firm is in St. Petersburg, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (813) 444-0337 or by fax (813)444-0336. The normal business hours are 8:15am-5:00pm on Monday - Friday. You can find more information about the New York firm at psiadvisor.com.