Finivi Inc. (Westborough)

Name: Finivi Inc.
Address: 1400 Computer Drive, Westborough, MA, 01581
Telephone: (508) 870-0440

Finivi Inc. is a large advisory firm based in Westborough. It manages $103.52 million of regulatory assets for 487 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

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

Finivi: assets under management

The assets under management (AUM) of Finivi Inc. is $103.52 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $103.52 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $212.56 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is investment and business development companies, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Finivi Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Finivi serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Finivi is individuals with 479 clients and $92.4 million of assets under management. Among the 6 most similar advisory firms, Finivi has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $103.52 million for 487 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.

Finivi doesn't advise any private funds.

Careers at Finivi Inc.

The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 7 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
Eric Clement Jansen	Founder, president, chief investment officer and chief compliance officer	1 Mar 2018	50% - 75%	1719437
Steven Craig Johnson	Principal	1 Mar 2018	25% - 50%	1995029

Based in Westborough

The principal office where Finivi Inc. performs its advisory services is located at 1400 Computer Drive, Westborough, MA 01581, 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 (508) 870-0440 or by fax 508-898-3097. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at finivi.com and its LinkedIn profile.