Financial And Investment Management Advisors, Inc. is a large advisory firm based in Covington. It manages $466.4 million of regulatory assets for 2,115 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arkansas, California, and 21 other states.
Financial And Investment Management Advisors 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, market timing services, educational seminars and workshops, and estate planning. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Financial And Investment Management Advisors, Inc. is $466.4 million. The firm's AUM has grown by 1455% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Financial And Investment Management Advisors, 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.
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Scott Edward Bordelon is individuals with 1,882 clients and $261.86 million of assets under management. Among the 10 most similar advisory firms, Financial And Investment Management Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $464.02 million for 2,112 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 And Investment Management Advisors doesn't advise any private funds.
The company employs 28 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 28 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
Scott Edward Bordelon has been acting as President since 1 Apr 1994. Albert Larry Lock joined the executive team most recently as the Member.
The principal office where Financial And Investment Management Advisors, Inc. performs its advisory services is located at 72096 Ramos Avenue, Covington, LA 70433, which is also the mailing address of the firm. An additional office of the firm is in St. Louis, MO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 985-893-1440 or by fax 985-893-1450. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at fimadvisors.com.