Annapolis Financial Services, LLC (Annapolis)

Name: Annapolis Financial Services, LLC
Address: 582 Bellerive Road, Annapolis, MD, 21409
Telephone: 410-626-8198

Annapolis Financial Services, LLC is a large advisory firm based in Annapolis. It manages $203.91 million of regulatory assets for 95 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Florida, Maryland, and Virginia.

Annapolis Financial Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Annapolis Financial Services: assets under management

The assets under management (AUM) of Annapolis Financial Services, LLC is $203.91 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 421% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $203.91 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.15 million each.

Investments

The firm invests in investment and business development companies the most. They account for 81% of the total AUM. The second-largest asset type is government bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Annapolis Financial Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Annapolis Financial Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Annapolis Financial Services is high net worth individuals with 69 clients and $200.5 million of assets under management. Among the 8 most similar advisory firms, Annapolis Financial Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $203.91 million for 95 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.

Annapolis Financial Services doesn't advise any private funds.

Careers at Annapolis Financial Services, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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
William James Hufnell	Owner & chief compliance officer	1 Jul 1995	75% - 100%	4627519
William Joseph Hufnell	Associate advisor	1 Dec 2011	Other	6584640
Kimberly Anderson	Chief compliance officer	1 Oct 2016	Other	2860782

Based in Annapolis

The principal office where Annapolis Financial Services, LLC performs its advisory services is located at 582 Bellerive Road, Annapolis, MD 21409 The mailing address of the firm is 582 Bellerive Road, 4 D, Annapolis, MD 21409. An additional office of the firm is in Sarasota, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-626-8198 or by fax 443-458-0944. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at annapolisfeeonly.com.