Financial Planning Concepts Of America, Inc. (Staten Island)

Name: Financial Planning Concepts Of America, Inc.
Address: 1110 South Avenue Suite 301, Staten Island, NY, 10314
Telephone: 718-667-5050

Financial Planning Concepts Of America, Inc. is a mid-sized advisory firm based in Staten Island. It manages $88 million of regulatory assets for 316 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of New Jersey and New York.

Financial Planning Concepts Of America provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Planning Concepts Of America: assets under management

The assets under management (AUM) of Financial Planning Concepts Of America, Inc. is $88 million. The firm's AUM has grown by 151% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $86 million in discretionary accounts and $2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $285.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $133.33 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Planning Concepts Of America, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Joseph Richard Marchese serves?

The only and largest group of clients of Joseph Richard Marchese is individuals with 104 clients and $81 million of assets under management. Among the 2 most similar advisory firms, Financial Planning Concepts Of America has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $81 million for 104 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.

Financial Planning Concepts Of America doesn't advise any private funds.

Careers at Financial Planning Concepts Of America, Inc.

The company employs 3 people that are either part- or full-time employees. 67 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
Joseph Richard Marchese	President/chief compliance officer	1 Jun 1989	75% - 100%	1581329

Based in Staten Island

The principal office where Financial Planning Concepts Of America, Inc. performs its advisory services is located at 1110 South Avenue Suite 301, Staten Island, NY 10314, 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 718-667-5050 or by fax 718-874-0049. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at fpcamerica.com.