First Advisors National, LLC (Atlanta)

Name: First Advisors National, LLC
Address: 715 Peachtree Street, Ne, Atlanta, GA, 30308
Telephone: 1-855-326-7427

First Advisors National, LLC is a large advisory firm based in Atlanta. It manages $122.31 million of regulatory assets for 3,387 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 33 other states.

First Advisors National provides portfolio management for individuals and small businesses, selection of other advisers, and retirement planning consultations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Advisors National: assets under management

The assets under management (AUM) of First Advisors National, LLC is $122.31 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $122.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $36.11 thousand each.

First Advisors National has custody of $12.29 million in cash and securities for 349 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay First Advisors National, LLC for their services and products based on a percentage of assets under management. 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.

What kind of clients First Advisors National serves?

The only and largest group of clients of First Advisors National is individuals with 1,354 clients and $122.31 million of assets under management. Among the 9 most similar advisory firms, First Advisors National has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $122.31 million for 1,354 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.

First Advisors National doesn't advise any private funds.

Careers at First Advisors National, LLC

The company employs 73 people that are either part- or full-time employees. 97 percent of the employees work as investment advisers or researchers. 71 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Davis Van Sant	Managing member/chief compliance officer	1 Nov 2012	75% - 100%	857065

Based in Atlanta

The principal office where First Advisors National, LLC performs its advisory services is located at 715 Peachtree Street, Ne, Atlanta, GA 30308, which is also the mailing address of the firm. An additional office of the firm is in Dothan, AL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1-855-326-7427. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at fanria.com.