Successful Money Strategies Inc (Fall River)

Name: Successful Money Strategies Inc
Address: 10 North Main Street, Fall River, MA, 02720
Telephone: 508-730-2300

Successful Money Strategies Inc is a large advisory firm based in Fall River. It manages $143.85 million of regulatory assets for 601 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, Rhode Island, and Texas.

Successful Money Strategies provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Successful Money Strategies: assets under management

The assets under management (AUM) of Successful Money Strategies Inc is $143.85 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 121% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $143.85 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $239.35 thousand each.

Investments

The firm invests in other assets the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Successful Money Strategies Inc for their services and products based on a percentage of assets under management 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 Dennis Jude Okeefe serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Dennis Jude Okeefe is individuals with 200 clients and $85.34 million of assets under management. Among the 7 most similar advisory firms, Successful Money Strategies has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $143.37 million for 236 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.

Successful Money Strategies doesn't advise any private funds.

Careers at Successful Money Strategies Inc

The company employs 3 people that are either part- or full-time employees. 33 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.

Dennis Jude Okeefe has been acting as President since 1 Mar 1993. Dennis Jude O'keefe joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dennis Jude Okeefe	President/ chief compliance officer	1 Mar 1993	75% - 100%	2217691
Dennis Jude O'keefe	President	1 Mar 1993	50% - 75%	xxx-xx-xxxx
Leonard Thomas Arthur Ii Hirst	Chief investment officer	1 Mar 1993	50% - 75%	xxx-xx-xxxx

Based in Fall River

The principal office where Successful Money Strategies Inc performs its advisory services is located at 10 North Main Street, Fall River, MA 02720, 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 508-730-2300 or by fax 508-730-1135. The normal business hours are 8:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at successfulmoney.com.