Sechrest Financial Services LLC (Acton)


Sechrest Financial Services LLC is a large advisory firm based in Acton. It manages $114.3 million of regulatory assets for 42 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Massachusetts, New Hampshire, and Texas.

Sechrest Financial Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sechrest Financial Services: assets under management

The assets under management (AUM) of Sechrest Financial Services LLC is $114.3 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in state and local bonds the most. They account for 45% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 30% of the firm’s portfolio. Investments in government bonds form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sechrest Financial Services LLC for their services and products based on hourly charges 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 Sechrest Financial Services serves?

The only and largest group of clients of Sechrest Financial Services is high net worth individuals with 42 clients and $114.3 million of assets under management. Among the 8 most similar advisory firms, Sechrest Financial Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $114.3 million for 42 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.

Sechrest Financial Services doesn't advise any private funds.

Careers at Sechrest Financial Services LLC

The company employs 3 people that are either part- or full-time employees. 33 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Cynthia Glazier Sechrest Chief compliance officer, principal 1 Feb 2003 75% - 100% 4723958
Jarod Jonathan Bloom Vice president 1 Jan 2010 Other 4551487
Jarod Jonathan Bloom Principal, cco 1 Jan 2011 75% - 100% 4551487
Jarod Jonathan Bloom Managing member, cco 1 Jan 2015 75% - 100% 4551487

Based in Acton

The principal office where Sechrest Financial Services LLC performs its advisory services is located at One Acton Place, Suite 301, Acton, MA 01720, 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 978-795-1284 or by fax 978-263-3731. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at sechrestfinancialservices.com and its LinkedIn profile.