Family Cfo, LLC (New York)

Family Cfo, LLC is a large advisory firm based in New York. It manages $108.43 million of regulatory assets for 165 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Connecticut and New York.

Family Cfo provides financial planning services and portfolio management for individuals and 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.

Family Cfo: assets under management

The assets under management (AUM) of Family Cfo, LLC is $108.43 million. The firm's AUM has grown by 344% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $103.2 million in discretionary accounts and $5.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $737.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $209.33 thousand.

Family Cfo has custody of $1.1 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Family Cfo, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Family Cfo serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Family Cfo is high net worth individuals with 22 clients and $100.51 million of assets under management. Among the 9 most similar advisory firms, Family Cfo has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.43 million for 31 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.

Family Cfo doesn't advise any private funds.

Careers at Family Cfo, LLC

The company employs 2 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jane Sullivan Murphy	Cco managing member	1 Jan 2002	75% - 100%	1330776
Nicholas John Hoffman	Managing member/chief compliance officer	1 Aug 2007	75% - 100%	1513288
Heather Lynn Micati	Member	1 Apr 2014	25% - 50%	6330550

Based in New York

The principal office where Family Cfo, LLC performs its advisory services is located at 370 7 Th Avenue, New York, NY 10001 The mailing address of the firm is 63 Crescent Place, Short Hills, NJ 07078. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-584-9125 or by fax 6469614702. The normal business hours are 9am-6pm on Monday - Friday.