Financial Strategy Associates, Inc. (Needham)

Financial Strategy Associates, Inc. is a large advisory firm based in Needham. It manages $231 million of regulatory assets for 746 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Massachusetts, and 4 other states.

Financial Strategy Associates provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Strategy Associates: assets under management

The assets under management (AUM) of Financial Strategy Associates, Inc. is $231 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $231 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $309.65 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 47% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Strategy Associates, 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 Financial Strategy Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Financial Strategy Associates is high net worth individuals with 39 clients and $135 million of assets under management. Among the 8 most similar advisory firms, Financial Strategy Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $230.63 million for 347 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 Strategy Associates doesn't advise any private funds.

Careers at Financial Strategy Associates, Inc.

The company employs 4 people that are either part- or full-time employees. 75 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Simon John Heslop	Managing partner and president	1 Dec 2006	50% - 75%	2619297
Simon John Heslop	Managing partner and president	1 Mar 2017	50% - 75%	2619297
Gavin Michael Morrissey	Managing partner, chief compliance officer	1 May 2017	50% - 75%	3220462
Simon John Heslop	Managing partner	1 May 2017	50% - 75%	2619297

Based in Needham

The principal office where Financial Strategy Associates, Inc. performs its advisory services is located at 144 Gould Street, Needham, MA 02494, 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 (781) 455-1020 or by fax (781) 455-1012. The normal business hours are 9:00am - 5:00pm on Monday - Friday.