Freedman Financial Associates, Inc. (Peabody)

Name: Freedman Financial Associates, Inc.
Address: 41 Cross Street, Peabody, MA, 01960
Telephone: 978-531-8108

Freedman Financial Associates, Inc. is a large advisory firm based in Peabody. It manages $321.51 million of regulatory assets for 983 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, Maine, Massachusetts, and 3 other states.

Freedman Financial Associates provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Freedman Financial Associates: assets under management

The assets under management (AUM) of Freedman Financial Associates, Inc. is $321.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 114% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $321.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $327.07 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Freedman Financial Associates is high net worth individuals with 115 clients and $202.78 million of assets under management. Among the 9 most similar advisory firms, Freedman Financial Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $321.51 million for 447 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.

Freedman Financial Associates doesn't advise any private funds.

Careers at Freedman Financial Associates, Inc.

The company employs 5 people that are either part- or full-time employees. 40 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marc Stuart Freedman	President and cco	1 Jan 1997	75% - 100%	2165138
Marion Blatsos Gilman	Executive vice president	1 Jan 2012	Other	3163462

Based in Peabody

The principal office where Freedman Financial Associates, Inc. performs its advisory services is located at 41 Cross Street, Peabody, MA 01960, 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 978-531-8108 or by fax 978-532-2666. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at freedmanfinancial.com.