Asset Strategies, Inc. (Avon)

Name: Asset Strategies, Inc.
Address: 80 West Avon Rd., Avon, CT, 06001
Telephone: 860-673-5500

Asset Strategies, Inc. is a large advisory firm based in Avon. It manages $119.89 million of regulatory assets for 138 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and 3 other states.

Asset Strategies provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Asset Strategies: assets under management

The assets under management (AUM) of Asset Strategies, Inc. is $119.89 million. The firm's AUM has grown by 74% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $114.01 million in discretionary accounts and $5.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $877.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $734.48 thousand.

Asset Strategies has custody of $17.31 million in cash and securities for 32 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 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in non-exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Asset Strategies, 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 Connie Ashmore Brezik serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Connie Ashmore Brezik is high net worth individuals with 45 clients and $83.59 million of assets under management. Among the 9 most similar advisory firms, Asset Strategies has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.47 million for 137 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.

Asset Strategies doesn't advise any private funds.

Careers at Asset Strategies, Inc.

The company employs 10 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 2 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.

Connie Ashmore Brezik has been acting as President since 1 Feb 2002. Diann Elizabeth Mcchesney joined the executive team most recently as the Executive Vice President, Chief Compliance Officer And Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alan Miles Rothstein	President, treasurer	1 Feb 2002	75% - 100%	4370823
Connie Ashmore Brezik	President	1 Feb 2002	50% - 75%	4370819
Kathryn Kindl Norris	Vice president, secretary	1 Feb 2002	Other	4378224
Diann Elizabeth Mcchesney	Executive vice president, chief compliance officer and secretary	1 Oct 2015	Other	4818110

Based in Avon

The principal office where Asset Strategies, Inc. performs its advisory services is located at 80 West Avon Rd., Avon, CT 06001, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-673-5500 or by fax 860-675-5505. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at assetstrats.com.