Agnello Financial Group, Inc. (West Palm Beach)

Name: Agnello Financial Group, Inc.
Address: 712 North Olive Avenue, West Palm Beach, FL, 33401 4015
Telephone: 561-833-7080

Agnello Financial Group, Inc. is a large advisory firm based in West Palm Beach. It manages $151.51 million of regulatory assets for 168 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Michigan, and Texas.

Agnello Financial Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio monitoring for individuals and/or small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Agnello Financial Group: assets under management

The assets under management (AUM) of Agnello Financial Group, Inc. is $151.51 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Agnello Financial Group, Inc. for their services and products based on a percentage of assets under management, 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 Agnello Financial Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Agnello Financial Group is high net worth individuals with 55 clients and $109.68 million of assets under management. Among the 13 most similar advisory firms, Agnello Financial Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $151.51 million for 168 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.

Agnello Financial Group doesn't advise any private funds.

Careers at Agnello Financial Group, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 2 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
Michael Henry Agnello	President, chief compliance officer	1 May 1988	50% - 75%	2025639
Milissa Lyne Agnello	Secretary/treasurer	1 Apr 1991	50% - 75%	5210619

Based in West Palm Beach

The principal office where Agnello Financial Group, Inc. performs its advisory services is located at 712 North Olive Avenue, West Palm Beach, FL 33401 4015, 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 561-833-7080 or by fax 561-833-7399. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at agnellofinancial.com.