Onyx Financial Advisors, LLC (Idaho Falls)

Name: Onyx Financial Advisors, LLC
Address: 2400 E. 25 Th Street, Idaho Falls, ID, 83404
Telephone: 208-522-6400

Onyx Financial Advisors, LLC is a large advisory firm based in Idaho Falls. It manages $165.04 million of regulatory assets for 662 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Idaho and Utah.

Onyx Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Onyx Financial Advisors: assets under management

The assets under management (AUM) of Onyx Financial Advisors, LLC is $165.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $165.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $249.31 thousand each.

Onyx Financial Advisors has custody of $11.39 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Onyx Financial Advisors is high net worth individuals with 57 clients and $111.5 million of assets under management. Among the 10 most similar advisory firms, Onyx Financial Advisors has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $163.46 million for 172 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.

Onyx Financial Advisors doesn't advise any private funds.

Careers at Onyx Financial Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 67 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
Kenneth John Simpson	Chief compliance officer	1 Feb 2005	Other	4933768
Onyx Financial Corp.	Owner	1 Mar 2005	25% - 50%	82-0474650
Inc. Td Financial	Owner	1 Mar 2005	25% - 50%	20-8133308
Inc. Parry Financial	Owner	1 Mar 2005	25% - 50%	20-8133469
Inc. Ca Services	Owner	1 May 2018	Other	82-5001559
Inc. Lyndsgood	Owner	1 May 2018	Other	82-5002222

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Terry Lee Roe	Manager/owner	1 Mar 2005	50% - 75%	4933838
Kenneth John Simpson	Manager/owner	1 Mar 2005	50% - 75%	4933768
Renita Ray Simpson	Manager/owner	1 Mar 2005	50% - 75%	4936033
Deborah Lyn Roe	Manager/owner	1 Mar 2005	25% - 50%	6948466
John David Parry	Manager/owner	1 Mar 2005	25% - 50%	4933820
Lyndsay Goody	Manager/owner	1 May 2018	75% - 100%	4852739
Aaron Blair Sautter	Manager/owner	1 May 2018	50% - 75%	5720804
Candace Ann Sautter	Manager/owner	1 May 2018	25% - 50%	6948468

Based in Idaho Falls

The principal office where Onyx Financial Advisors, LLC performs its advisory services is located at 2400 E. 25 Th Street, Idaho Falls, ID 83404, 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 208-522-6400 or by fax 208-529-9802. The normal business hours are 9am-5pm m-th; 9am-2pm f on Monday - Friday. You can find more information about the New York firm at onyxfinancial.com.