Foundations Investment Advisors LLC (Scottsdale)

Foundations Investment Advisors LLC is a large advisory firm based in Scottsdale. It manages $804.2 million of regulatory assets for 7,857 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

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

Foundations Investment Advisors: assets under management

The assets under management (AUM) of Foundations Investment Advisors LLC is $804.2 million. The firm's AUM has grown by 278170% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $743.76 million in discretionary accounts and $60.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $99.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $162.49 thousand.

Foundations Investment Advisors has custody of $386.61 million in cash and securities for 2,812 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Foundations Investment Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Foundations Investment Advisors serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Foundations Investment Advisors is individuals with 4,387 clients and $664.99 million of assets under management. Among the 8 most similar advisory firms, Foundations Investment Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $804.2 million for 4,553 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.

Foundations Investment Advisors doesn't advise any private funds.

Careers at Foundations Investment Advisors LLC

The company employs 116 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 102 employees are registered as investment adviser representatives with the state securities authorities.

There are 23 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
Jeffrey Brent Junior	Partner / cco	1 Mar 2015	50% - 75%	2940593
Bryon Rice	Partner	1 Mar 2015	50% - 75%	6458667
Kyle Michael Mann	Chief compliance officer	1 Sep 2016	Other	4576681
Ernest John C'debaca	Chief compliance officer	1 Jan 2018	Other	5574701
Kyle Michael Mann	Chief financial officer	1 Dec 2018	Other	4576681
Daniel Clifford Biagini	Chief distribution officer	1 Jun 2019	Other	6745515

Based in Scottsdale

The principal office where Foundations Investment Advisors LLC performs its advisory services is located at 10575 N. 114 Th Street, Scottsdale, AZ 85259, which is also the mailing address of the firm. An additional office of the firm is in Overland Park, KS. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 480-626-2979 or by fax 480-747-9661. The normal business hours are 9-5 on Monday - Friday.