Fierston Financial Group Inc (West Hartford)

Name: Fierston Financial Group Inc
Address: 29 South Main St, West Hartford, CT, 06107
Telephone: 860-521-2100

Fierston Financial Group Inc is a large advisory firm based in West Hartford. It manages $618.89 million of regulatory assets for 915 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 6 other states.

Fierston Financial Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fierston Financial Group: assets under management

The assets under management (AUM) of Fierston Financial Group Inc is $618.89 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 184% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $618.89 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $676.38 thousand each.

Fierston Financial Group has custody of $300.32 million in cash and securities for 224 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 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fierston Financial Group Inc 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 David H. Fierston serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of David H. Fierston is high net worth individuals with 139 clients and $526.95 million of assets under management. Among the 10 most similar advisory firms, Fierston Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $583.11 million for 288 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.

Fierston Financial Group doesn't advise any private funds.

Careers at Fierston Financial Group Inc

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 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.

David H. Fierston has been acting as President since 1 May 1989. Brian Fierston joined the executive team most recently as the Co President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Seth B. Fierston	Co-president (12/2016) chief compliance officer (05/1989)	1 May 1989	50% - 75%	4333000
David H. Fierston	Chairman	1 May 1989	Other	4333008
Brian Fierston	Vice president	1 Mar 1991	50% - 75%	2735018
Seth B. Fierston	Co-president (12/2016) chief compliance officer (10/2004)	1 Oct 2004	50% - 75%	4333000
Brian Fierston	Co-president	1 Dec 2016	50% - 75%	2735018

Based in West Hartford

The principal office where Fierston Financial Group Inc performs its advisory services is located at 29 South Main St, West Hartford, CT 06107, 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 860-521-2100 or by fax 860-521-0585. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at fierston.com.