Safran Wealth Advisors, LLC (New York)


Safran Wealth Advisors, LLC is a mid-sized advisory firm based in New York. It manages $78.98 million of regulatory assets for 317 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, Florida, New Jersey, and New York.

Safran Wealth Advisors 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.

Safran Wealth Advisors: assets under management

The assets under management (AUM) of Safran Wealth Advisors, LLC is $78.98 million. The firm's AUM has grown by 168% since the beginning of its operation, and $1.09 million of the total AUM is attributable to clients outside of the United States.

The firm manages $72.98 million in discretionary accounts and $6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $248.23 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $260.77 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 31% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 25% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Safran Wealth Advisors, LLC 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 Safran Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Safran Wealth Advisors is individuals with 56 clients and $59.93 million of assets under management. Among the 0 most similar advisory firms, Safran Wealth Advisors has the 0th lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $78.98 million for 82 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.

Safran Wealth Advisors doesn't advise any private funds.

Careers at Safran Wealth Advisors, 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
Erika Safran Managing member/chief compliance officer 1 Oct 2009 75% - 100% 2007514

Based in New York

The principal office where Safran Wealth Advisors, LLC performs its advisory services is located at 641 Lexington Ave., New York, NY 10022, 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 212-328-9530 or by fax 212-202-7828. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at safranwealthadvisors.com.