Safir Wealth Advisors, LLC (Greenland)

Name: Safir Wealth Advisors, LLC
Address: 63 Niblick Lane, Greenland, NH, 03840
Telephone: (603) 430-6001

Safir Wealth Advisors, LLC is a large advisory firm based in Greenland. It manages $97.21 million of regulatory assets for 188 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Connecticut, Florida, and 3 other states.

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

Safir Wealth Advisors: assets under management

The assets under management (AUM) of Safir Wealth Advisors, LLC is $97.21 million. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $91.46 million in discretionary accounts and $5.75 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $494.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.92 million.

Safir Wealth Advisors has custody of $44.18 million in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 26% of the firm’s portfolio. Investments in government bonds form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Safir Wealth Advisors, 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 Safir Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Safir Wealth Advisors is high net worth individuals with 33 clients and $72.97 million of assets under management. Among the 9 most similar advisory firms, Safir Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $91.46 million for 84 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.

Safir Wealth Advisors doesn't advise any private funds.

Careers at Safir Wealth Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Maxwell Safir	Member, principal	1 Jan 2017	50% - 75%	5951152
Edwin Theodore Safir	Member, principal and chief compliance officer	1 Jan 2017	50% - 75%	408951
Andrew M Safir	Member, principal	1 Jan 2017	50% - 75%	5951152
Edwin T Safir	Member, principal and chief compliance officer	1 Jan 2017	50% - 75%	408951

Based in Greenland

The principal office where Safir Wealth Advisors, LLC performs its advisory services is located at 63 Niblick Lane, Greenland, NH 03840, 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 (603) 430-6001 or by fax (603) 430-6007. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at safiradvisors.com.