Plotkin Financial Advisors, LLC (Chevy Chase)

Name: Plotkin Financial Advisors, LLC
Address: 8401 Connecticut Avenue, Chevy Chase, MD, 20815
Telephone: 301-907-9790

Plotkin Financial Advisors, LLC is a large advisory firm based in Chevy Chase. It manages $103.72 million of regulatory assets for 506 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, Texas, and Virginia.

Plotkin Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and retirement planning consulting. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Plotkin Financial Advisors: assets under management

The assets under management (AUM) of Plotkin Financial Advisors, LLC is $103.72 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 196% since the beginning of its operation, and $8.14 million of the total AUM is attributable to clients outside of the United States.

The firm manages $103.72 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $204.99 thousand each.

Plotkin Financial Advisors has custody of $62.11 million in cash and securities for 122 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 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Plotkin Financial Advisors, LLC for their services and products based on a percentage of assets under management. 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 Plotkin Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Plotkin Financial Advisors is high net worth individuals with 57 clients and $65.6 million of assets under management. Among the 12 most similar advisory firms, Plotkin Financial Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $101.41 million for 204 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 12% of the firm’s clients are foreign persons or businesses.

Plotkin Financial Advisors doesn't advise any private funds.

Careers at Plotkin Financial Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Shimshon Plotkin	Member	1 Apr 2003	75% - 100%	2431863
Terri Reed Plotkin	Secretary and treasurer	1 Apr 2003	Other	3224693
Mary Beth Healy	Chief compliance officer	1 Dec 2009	Other	4664352
Sarah Josephine Hunt	Chief compliance officer	1 Jan 2016	Other	5992317

Based in Chevy Chase

The principal office where Plotkin Financial Advisors, LLC performs its advisory services is located at 8401 Connecticut Avenue, Chevy Chase, MD 20815, 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 301-907-9790 or by fax 301-907-9793. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at 1031reasset.com.