Your Source Financial, Plc. (Phoenix)

Name: Your Source Financial, Plc.
Address: 1747 E Morten Ave, Phoenix, AZ, 85020
Telephone: 602-343-1700

Your Source Financial, Plc. is a large advisory firm based in Phoenix. It manages $247.03 million of regulatory assets for 557 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Florida, and Texas.

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

Your Source Financial, Plc: assets under management

The assets under management (AUM) of Your Source Financial, Plc. is $247.03 million. The firm's AUM has grown by 350% since the beginning of its operation, and $23.7 million of the total AUM is attributable to clients outside of the United States.

The firm manages $223.85 million in discretionary accounts and $23.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $452.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $373.77 thousand.

Your Source Financial, Plc has custody of $1.25 million in cash and securities for 50 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 25% of the firm’s portfolio. Investments in investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Your Source Financial, Plc. 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.

What kind of clients Your Source Financial, Plc serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Your Source Financial, Plc is high net worth individuals with 70 clients and $194.33 million of assets under management. Among the 10 most similar advisory firms, Your Source Financial, Plc has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $247.03 million for 272 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Your Source Financial, Plc also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Your Source Financial, Plc.

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 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
George Richard Collett	Member/chief compliance officer	1 Apr 2000	25% - 50%	2429645
Raymond John Dimuro	Member	1 Apr 2005	25% - 50%	3195132
L.L.C. Mount Whitney Investments	Member	1 Nov 2009	Other	27-1003442
Llc Lsmh Properties	Member	1 Nov 2009	Other	20-4424764
Eric Downin Metz	Member	1 Dec 2010	Other	1293015
Ethan Lock	Member	1 Dec 2010	Other	5907495
Vance Malinovic	Member	1 Dec 2010	Other	5907497

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Douglas A Cling	Member	1 Feb 2006	50% - 75%	5761630
Elizabeth L Cling	Member	1 Feb 2006	50% - 75%	5761639
Jeffry William Baum	Member	1 Oct 2009	50% - 75%	5761615
Douglas A Cling	Member	1 Oct 2009	50% - 75%	5761630
Elizabeth L Cling	Member	1 Oct 2009	50% - 75%	5761639
James R Baum	Member	1 Oct 2009	50% - 75%	5761625

Based in Phoenix

The principal office where Your Source Financial, Plc. performs its advisory services is located at 1747 E Morten Ave, Phoenix, AZ 85020, which is also the mailing address of the firm. An additional office of the firm is in Prescott, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 602-343-1700. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at ysfi.com.