Semmax Financial Advisors, Inc. (Winston Salem)

Name: Semmax Financial Advisors, Inc.
Address: 1447 Trademart Blvd, Winston Salem, NC, 27127
Telephone: 336-856-0080

Semmax Financial Advisors, Inc. is a large advisory firm based in Winston Salem. It manages $152.95 million of regulatory assets for 1,589 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of North Carolina, Texas, and Virginia.

Semmax Financial Advisors provides portfolio management for individuals and small businesses, selection of other advisers, and financial reviews/consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Semmax Financial Advisors: assets under management

The assets under management (AUM) of Semmax Financial Advisors, Inc. is $152.95 million. The firm's AUM has grown by 36% since the beginning of its operation, and $9.67 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $152.44 million in discretionary accounts and $506.92 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $96.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $101.38 thousand.

Semmax Financial Advisors has custody of $23.2 million in cash and securities for 116 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 28% of the firm’s portfolio. Investments in investment and business development companies form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Semmax Financial Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Ellis Tyner serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of John Ellis Tyner is individuals with 805 clients and $137.76 million of assets under management. Among the 7 most similar advisory firms, Semmax Financial Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $152.95 million for 817 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.

Semmax Financial Advisors doesn't advise any private funds.

Careers at Semmax Financial Advisors, Inc.

The company employs 17 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. 6 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.

John Ellis Tyner has been acting as President since 1 Aug 2007. Eric David Mattinson joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Ellis Tyner	President	1 Aug 2007	75% - 100%	5406254
Eric David Mattinson	Chief compliance officer	1 May 2016	Other	5418710

Based in Winston Salem

The principal office where Semmax Financial Advisors, Inc. performs its advisory services is located at 1447 Trademart Blvd, Winston Salem, NC 27127, which is also the mailing address of the firm. An additional office of the firm is in Greensboro, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 336-856-0080 or by fax 336-856-0071. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at yourfreeretirementreview.com/ and its LinkedIn profile.