Singer & Xenos Inc (Coral Gables)

Name: Singer & Xenos Inc
Address: 800 S Douglas Rd, Coral Gables, FL, 33134
Telephone: 305-443-0060

Singer & Xenos Inc is a large advisory firm based in Coral Gables. It manages $1.37 billion of regulatory assets for 2,144 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 10 other states.

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

Singer & Xenos: assets under management

The assets under management (AUM) of Singer & Xenos Inc is $1.37 billion. The firm's AUM has grown by 421% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.37 billion in discretionary accounts and $1.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $644.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $75.94 thousand.

Singer & Xenos has custody of $1.27 billion in cash and securities for 814 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 84% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Singer & Xenos Inc for their services and products based on a percentage of assets under management and hourly charges. 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 Faith Read Xenos serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Faith Read Xenos is high net worth individuals with 697 clients and $1.19 billion of assets under management. Among the 12 most similar advisory firms, Singer & Xenos has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.37 billion for 814 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Singer & Xenos doesn't advise any private funds.

Careers at Singer & Xenos Inc

The company employs 16 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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.

Faith Read Xenos has been acting as President since 1 Jan 1991. Neil Robert Sosler joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marc Harris Singer	President and chief compliance officer	1 Jan 1991	Other	1356970
Faith Read Xenos	Director	1 Jan 1991	25% - 50%	1320067
Singer Family Trust's	Shareholder	1 Jan 2006	25% - 50%	xxx-xx-xxxx
Singer Family Trust	Shareholder	1 Jan 2006	Other	xxx-xx-xxxx
Juda Eli Schechter	Shareholder	1 Jan 2010	Other	4019220
Neil Robert Sosler	Shareholder	1 Mar 2013	Other	4205566

Based in Coral Gables

The principal office where Singer & Xenos Inc performs its advisory services is located at 800 S Douglas Rd, Coral Gables, FL 33134, 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 305-443-0060 or by fax 305-443-0027. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at singerxenos.com.