Financial Life Advisors LLC (San Antonio)

Name: Financial Life Advisors LLC
Address: 14607 San Pedro Ave., San Antonio, TX, 78232
Telephone: 210-918-8998

Financial Life Advisors LLC is a large advisory firm based in San Antonio. It manages $193.9 million of regulatory assets for 608 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Texas.

Financial Life Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Life Advisors: assets under management

The assets under management (AUM) of Financial Life Advisors LLC is $193.9 million. The firm's AUM has grown by 73% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $154.13 million in discretionary accounts and $39.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $994.27 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Life Advisors LLC 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 Financial Life Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Financial Life Advisors is high net worth individuals with 74 clients and $98.44 million of assets under management. Among the 10 most similar advisory firms, Financial Life Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $174.99 million for 204 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.

Financial Life Advisors doesn't advise any private funds.

Careers at Financial Life Advisors LLC

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 8 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
Llc Kfbg Holdings	Shareholder	1 Feb 2017	75% - 100%	81-4740403

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kirk Warren Francis	Member, ceo, cco	1 Feb 2017	25% - 50%	840623
Benjamin David Gurwitz	Member, coo	1 Feb 2017	50% - 75%	4702402

Based in San Antonio

The principal office where Financial Life Advisors LLC performs its advisory services is located at 14607 San Pedro Ave., San Antonio, TX 78232, 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 210-918-8998 or by fax 210-579-6615. The normal business hours are 9 a.m. to 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at fladvisors.com.