Baron Silver Stevens Financial Advisors, LLC (Boca Raton)

Name: Baron Silver Stevens Financial Advisors, LLC
Address: 4800 N. Federal Highway, Boca Raton, FL, 33431
Telephone: 561-447-1997

Baron Silver Stevens Financial Advisors, LLC is a large advisory firm based in Boca Raton. It manages $509.14 million of regulatory assets for 1,139 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Georgia, New Jersey, and 4 other states.

Baron Silver Stevens Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Baron Silver Stevens Financial Advisors: assets under management

The assets under management (AUM) of Baron Silver Stevens Financial Advisors, LLC is $509.14 million. The firm's AUM has grown by 155% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $331.52 million in discretionary accounts and $177.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $464.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $417.93 thousand.

Baron Silver Stevens Financial Advisors has custody of $11.58 million in cash and securities for 11 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 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Baron Silver Stevens Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Baron Silver Stevens Financial Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Baron Silver Stevens Financial Advisors is high net worth individuals with 325 clients and $433.99 million of assets under management. Among the 9 most similar advisory firms, Baron Silver Stevens Financial Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $509.14 million for 434 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.

Baron Silver Stevens Financial Advisors doesn't advise any private funds.

Careers at Baron Silver Stevens Financial Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 78 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 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
Michael Jason Silver	Managing member	1 Sep 2000	75% - 100%	2523455
Howard Steven Baron	Managing member	1 Sep 2000	25% - 50%	1859107
Carrie Prusa	Chief compliance officer	1 Jul 2008	Other	5178421

Based in Boca Raton

The principal office where Baron Silver Stevens Financial Advisors, LLC performs its advisory services is located at 4800 N. Federal Highway, Boca Raton, FL 33431, 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 561-447-1997 or by fax 561-447-6670. 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 bssfa.com.