Cfs Investment Advisory Services LLC (Totowa)

Name: Cfs Investment Advisory Services LLC
Address: 97 Lackawanna Avenue, Totowa, NJ, 07512
Telephone: 973-826-8800

Cfs Investment Advisory Services LLC is a large advisory firm based in Totowa. It manages $1.06 billion of regulatory assets for 904 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.

Cfs Investment Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and advice on matters not involving securities.. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cfs Investment Advisory Services: assets under management

The assets under management (AUM) of Cfs Investment Advisory Services LLC is $1.06 billion. The firm's AUM has grown by 269% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $458.15 million in discretionary accounts and $600.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $562.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.67 million.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cfs Investment Advisory Services LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cfs Investment Advisory Services serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Cfs Investment Advisory Services is pension and profit sharing plans with 86 clients and $586.21 million of assets under management. Among the 9 most similar advisory firms, Cfs Investment Advisory Services has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.06 billion for 638 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.

Cfs Investment Advisory Services doesn't advise any private funds.

Careers at Cfs Investment Advisory Services LLC

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Gregory Mark Makowski	Managing member/chief compliance officer	1 Jan 1998	50% - 75%	1029875
Harris Scott Nydick	Managing member/chief operations officer	1 Jan 1998	50% - 75%	1346496

Based in Totowa

The principal office where Cfs Investment Advisory Services LLC performs its advisory services is located at 97 Lackawanna Avenue, Totowa, NJ 07512, which is also the mailing address of the firm. An additional office of the firm is in Holmdel, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 973-826-8800 or by fax 973-256-8688. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at cfsias.com.