Northeast Financial Consultants, Inc is a large advisory firm based in Westport. It manages $2.66 billion of regulatory assets for 1,281 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 8 other states.
Northeast Financial Consultants provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Northeast Financial Consultants, Inc is $2.66 billion. The firm's AUM has grown by 916% since the beginning of its operation, and $45.68 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Northeast Financial Consultants, Inc 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 and high net worth individuals. The largest group of clients of Elwood Brian Davis is high net worth individuals with 145 clients and $2.6 billion of assets under management. Among the 7 most similar advisory firms, Northeast Financial Consultants has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.66 billion for 211 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Northeast Financial Consultants doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 38 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.
Elwood Brian Davis has been acting as President since 1 Oct 1999. Catherine Lee Davis joined the executive team most recently as the Vice President, Treasurer.
The principal office where Northeast Financial Consultants, Inc performs its advisory services is located at 518 B Riverside Avenue, Westport, CT 06880 0630 The mailing address of the firm is P.O. Box 2630, Westport, CT 06880 0630. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 203-226-8997 or by fax 203-222-9105. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at nfc-westport.com.