Advise Financial LLC (Caracas)

Name: Advise Financial LLC
Address: Urb. Los Palos Grandes, Ave. Andres Bello, Edif., Caracas, 1060
Telephone: (954) 381-1070

Advise Financial LLC is an internet adviser based in Caracas. It manages $5.8 million of regulatory assets for 60 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Florida.

Advise Financial provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Advise Financial: assets under management

The assets under management (AUM) of Advise Financial LLC is $5.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 188% since the beginning of its operation, and $5.73 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $96.61 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Advise Financial LLC for their services and products based on a percentage of assets under management 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 Advise Financial serves?

The firm provides services to individuals and corporations or other businesses. The largest group of clients of Advise Financial is individuals with 53 clients and $5.15 million of assets under management. Among the 4 most similar advisory firms, Advise Financial has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $5.8 million for 56 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 98% of the firm’s clients are foreign persons or businesses.

Advise Financial doesn't advise any private funds.

Careers at Advise Financial LLC

The company employs 1 person that is either a part- or full-time employee. 100 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’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alonso Jose Rodriguez	Managing member & chief compliance officer	1 Oct 2015	75% - 100%	6594218

Based in Caracas

The principal office where Advise Financial LLC performs its advisory services is located at Urb. Los Palos Grandes, Ave. Andres Bello, Edif., Caracas, 1060, which is also the mailing address of the firm. An additional office of the firm is in Coral Gables, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (954) 381-1070. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at advise-financial.com.