Sierra Financial Advisory Incorporated (Nevada City)

Name: Sierra Financial Advisory Incorporated
Address: 202 Providence Mine Rd Ste 202, Nevada City, CA, 95959 2945
Telephone: 530-470-8939

Sierra Financial Advisory Incorporated is a large advisory firm based in Nevada City. It manages $100.47 million of regulatory assets for 493 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California and Texas.

Sierra Financial Advisory Incorporated provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sierra Financial Advisory Incorporated: assets under management

The assets under management (AUM) of Sierra Financial Advisory Incorporated is $100.47 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 $96.5 million in discretionary accounts and $3.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $203.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $208.74 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 36% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 34% of the firm’s portfolio. Investments in exchange traded securities form 22% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sierra Financial Advisory Incorporated for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Joseph Tomkiewicz serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Joseph Tomkiewicz is high net worth individuals with 35 clients and $56.45 million of assets under management. Among the 13 most similar advisory firms, Sierra Financial Advisory Incorporated has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $96.13 million for 161 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.

Sierra Financial Advisory Incorporated doesn't advise any private funds.

Careers at Sierra Financial Advisory Incorporated

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Joseph Tomkiewicz has been acting as President since 1 Mar 2004. Sherry E Stanley joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Tomkiewicz	Chief compliance officer/president	1 Mar 2004	75% - 100%	3162964
Sherry E Stanley	Chief compliance officer	1 Aug 2005	Other	5031752

Based in Nevada City

The principal office where Sierra Financial Advisory Incorporated performs its advisory services is located at 202 Providence Mine Rd Ste 202, Nevada City, CA 95959 2945, 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 530-470-8939 or by fax 530-470-8749. The normal business hours are 8 am to 4 pm on Monday - Friday. You can find more information about the New York firm at sierrafinancialadvisory.com.