Amicus Financial Advisors, LLC (Lubbock)

Name: Amicus Financial Advisors, LLC
Address: 3814 24 Th Street, Lubbock, TX, 79410
Telephone: 806-698-1122

Amicus Financial Advisors, LLC is a large advisory firm based in Lubbock. It manages $136.34 million of regulatory assets for 812 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Louisiana, Nebraska, and 3 other states.

Amicus Financial Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Amicus Financial Advisors: assets under management

The assets under management (AUM) of Amicus Financial Advisors, LLC is $136.34 million. The firm's AUM has grown by 400% since the beginning of its operation, and $243.7 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $133.62 million in discretionary accounts and $2.72 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $169.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $123.49 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Amicus Financial 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 Amicus Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Amicus Financial Advisors is high net worth individuals with 36 clients and $83.99 million of assets under management. Among the 8 most similar advisory firms, Amicus Financial Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $136.34 million for 371 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Amicus Financial Advisors doesn't advise any private funds.

Careers at Amicus Financial Advisors, LLC

The company employs 16 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 14 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
Larry Howland Peterson	President, chief compliance officer	1 Mar 2010	Other	5344135
Llc Amicus Capital Holdings	Owner	1 Dec 2010	75% - 100%	27-5026527
Cameron Douglas Bowen	Director of operations, chief financial officer	1 Jun 2014	Other	6140206
Brit Chelsee Inman Swanson	Non-managing member	1 Jan 2015	Other	5454966
Matthew Dean Peck	Managing member	1 Jan 2015	Other	4474452
Tombs Family Holdings	Non-managing member	1 Jan 2015	50% - 75%	472600543
Matthew Dean Peck	Chief compliance officer	1 Nov 2016	Other	4474452

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Wingate Tombs	President	1 Dec 2010	Other	4786714
Joseph Wingate Tombs	Managing member	1 Dec 2014	50% - 75%	4786714

Based in Lubbock

The principal office where Amicus Financial Advisors, LLC performs its advisory services is located at 3814 24 Th Street, Lubbock, TX 79410, which is also the mailing address of the firm. An additional office of the firm is in Lehi, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 806-698-1122 or by fax 888-826-4287. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at thepeckperspective.com.