Holdun Family Office LLC (Miami Beach)

Name: Holdun Family Office LLC
Address: 555 Washington Ave., Miami Beach, FL, 33139
Telephone: 561-373-3309

Holdun Family Office LLC is a large advisory firm based in Miami Beach. It manages $114.28 million of regulatory assets for 70 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Florida.

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

Holdun Family Office: assets under management

The assets under management (AUM) of Holdun Family Office LLC is $114.28 million. The firm's AUM has gone down by -9% since the beginning of its operation, and $5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $38.88 million in discretionary accounts and $75.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.44 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.75 million.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in investment and business development companies form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Holdun Family Office LLC for their services and products based on a percentage of assets under management. 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 Holdun Family Office serves?

The firm provides services to high net worth individuals and corporations or other businesses. The largest group of clients of Holdun Family Office is corporations or other businesses with 33 clients and $42.25 million of assets under management. Among the 8 most similar advisory firms, Holdun Family Office has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $64.47 million for 44 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Holdun Family Office doesn't advise any private funds.

Careers at Holdun Family Office LLC

The company employs 4 people that are either part- or full-time employees. 25 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 are 2 people 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
Llc Holdun Family Investments	85% owner of the applicant ia	1 Mar 2019	75% - 100%	83-4434460
Michael Arlen Blank	Managing director	1 Mar 2019	Other	2858364
Marian Nmn Stupka	Cco	1 Aug 2019	Other	4446848

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brendan Holt Dunn	Majority owner of holdun family investments, llc	1 Mar 2010	75% - 100%	7088027
Margaret Dunphy	Member	1 Mar 2010	Other	7087761
Marc Bonorino	Member of holdun family investments, llc	1 Apr 2019	Other	7087509

Based in Miami Beach

The principal office where Holdun Family Office LLC performs its advisory services is located at 555 Washington Ave., Miami Beach, FL 33139 The mailing address of the firm is 555 Washington Ave, Suite 320, Miami Beach, FL 33139. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-373-3309. The normal business hours are 9:00 am to 4 pm on Monday - Friday. You can find more information about the New York firm at holdunfamilyoffice.com/.