Third Seven Advisors, LLC (New York)

Name: Third Seven Advisors, LLC
Address: 1345 Avenue Of The Americas, New York, NY, 10105
Telephone: 212-393-4690

Third Seven Advisors, LLC is a large advisory firm based in New York. It manages $118.97 million of regulatory assets for 406 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Louisiana, Massachusetts, and 3 other states.

Third Seven Advisors provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Third Seven Advisors: assets under management

The assets under management (AUM) of Third Seven Advisors, LLC is $118.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $118.97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $293.04 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in government bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Third Seven Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Third Seven Advisors serves?

The only and largest group of clients of Third Seven Advisors is individuals with 406 clients and $118.97 million of assets under management. Among the 8 most similar advisory firms, Third Seven Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $118.97 million for 406 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.

Third Seven Advisors doesn't advise any private funds.

Careers at Third Seven Advisors, LLC

The company employs 9 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Third Seven Group Llc	Owner	1 Sep 2016	75% - 100%	82-4874522
Richard Lloyd Hillson	Partner	1 Nov 2016	Other	5668079
Nicholas Mark Ledger	Cfo	1 Mar 2017	Other	6779287
Peter Harward Mcglynn	Coo	1 Nov 2017	Other	2177434
Amit Raj Dogra	Ceo	1 Feb 2018	Other	3005988
Lawrence William Clay	Cco	1 Dec 2018	Other	3034922

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Bhg Global	Owner	1 Sep 2011	50% - 75%	45-2473020

Based in New York

The principal office where Third Seven Advisors, LLC performs its advisory services is located at 1345 Avenue Of The Americas, New York, NY 10105, which is also the mailing address of the firm. An additional office of the firm is in Oklahoma City, OK. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-393-4690. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at thirdsevenadvisors.com.