First Affirmative Financial Network LLC is a large advisory firm based in Colorado Springs. It manages $860.88 million of regulatory assets for 4,523 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 39 other states.
First Affirmative Financial Network 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, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of First Affirmative Financial Network LLC is $860.88 million. The firm's AUM has grown by 204% since the beginning of its operation, and $1.23 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay First Affirmative Financial Network 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Steven Jerome Schueth is individuals with 3,890 clients and $435.1 million of assets under management. Among the 12 most similar advisory firms, First Affirmative Financial Network has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $860.88 million for 4,523 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.
First Affirmative Financial Network doesn't advise any private funds.
The company employs 37 people that are either part- or full-time employees. 51 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 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.
Steven Jerome Schueth has been acting as President since 1 Jul 1999. Richard Kevin Okeefe has served as the Chief Investment Officer since 1 Jul 1999 and George Richard Gay is the Chief Executive Officer of First Affirmative Financial Network LLC family office. Peter Richard Geraghty joined the executive team most recently as the Chief Legal Officer.
The principal office where First Affirmative Financial Network LLC performs its advisory services is located at 5475 Mark Dabling Boulevard, Colorado Springs, CO 80918, which is also the mailing address of the firm. An additional office of the firm is in Newton, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 703-245-5820 or by fax 703-245-5850. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at firstaffirmative.com.