Eton Advisors Group, LLC is a large advisory firm based in Chapel Hill. It manages $1.47 billion of regulatory assets for 143 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Illinois, Maryland, and 4 other states.
Eton Advisors Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, publication of newsletters, and family office services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Eton Advisors Group, LLC is $1.47 billion. The firm's AUM has gone down by -7% since the beginning of its operation, and $449.54 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Eton Advisors Group, LLC for their services and products based on a percentage of assets under management and fixed fees. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Teresa Eriksson is high net worth individuals with 75 clients and $450.14 million of assets under management. Among the 9 most similar advisory firms, Eton Advisors Group has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $668.71 million for 104 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Eton Advisors Group also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 11 people that are either part- or full-time employees. 36 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.
Teresa Eriksson has been acting as President since 1 Jul 2017. William Jackson Parham has served as the Chief Investment Officer since 1 Jul 2017. Focus Financial Partners Inc. joined the executive team most recently as the Member.
The principal office where Eton Advisors Group, LLC performs its advisory services is located at 5915 Farrington Road,, Chapel Hill, NC 27517, 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 919-442-1550 or by fax 919-442-1530. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at etonadvisors.com and its LinkedIn profile.