Sandbox Financial Partners, LLC (Bethesda)

Name: Sandbox Financial Partners, LLC
Address: 6903 Rockledge Drive, Bethesda, MD, 20817
Telephone: (301) 214-4190

Sandbox Financial Partners, LLC is a large advisory firm based in Bethesda. It manages $124.44 million of regulatory assets for 469 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, Texas, and Virginia.

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

Sandbox Financial Partners: assets under management

The assets under management (AUM) of Sandbox Financial Partners, LLC is $124.44 million. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $111.78 million in discretionary accounts and $12.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $271.3 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $222.11 thousand.

Sandbox Financial Partners has custody of $1.01 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in investment grade corporate bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sandbox Financial Partners, LLC 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 Sandbox Financial Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sandbox Financial Partners is high net worth individuals with 51 clients and $92.29 million of assets under management. Among the 8 most similar advisory firms, Sandbox Financial Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.63 million for 165 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.

Sandbox Financial Partners doesn't advise any private funds.

Careers at Sandbox Financial Partners, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives 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 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
Andrew Joseph Salcetti	Chief operations officer and chief compliance officer	1 Jul 2018	Other	5906617
Brian Charles Salcetti	Chief executive officer, managing partner and managing member	1 Jul 2018	25% - 50%	4719384
Frederick John Bohlander	Managing partner	1 Jul 2018	25% - 50%	2111955
Llc Sandbox Capital	Managing member	1 Jul 2018	75% - 100%	83-1100803

Based in Bethesda

The principal office where Sandbox Financial Partners, LLC performs its advisory services is located at 6903 Rockledge Drive, Bethesda, MD 20817, 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) 214-4190. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at sandboxfp.com and its LinkedIn profile.