Emfo, LLC (Weston)


Emfo, LLC is a large advisory firm based in Weston. It manages $211.46 million of regulatory assets for 178 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Colorado and Florida.

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Emfo provides portfolio management for individuals and small businesses, selection of other advisers, and family office 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.

Emfo: assets under management

The assets under management (AUM) of Emfo, LLC is $211.46 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $211.46 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.19 million each.
Emfo has custody of $211.46 million in cash and securities for 43 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in government bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Emfo, LLC for their services and products based on a percentage of assets under management 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 Emfo serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Emfo is high net worth individuals with 30 clients and $122.26 million of assets under management. Among the 8 most similar advisory firms, Emfo has the 3rd highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $211.46 million for 46 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.

Emfo doesn't advise any private funds.

Careers at Emfo, LLC

The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Llc Running Rebel Consulting joined the executive team most recently as the Managing Member.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Llc Running Rebel Consulting Managing member 1 Jul 2017 50% - 75% 27-1624430
Ddiawa Consulting. Inc. Managing member 1 Jul 2017 25% - 50% 27-0327289
Cwrs Llc Managing member 1 Jul 2017 Other 81-3385841
Scot Laurence Hunter Founder and chief strategic officer 1 Jul 2017 Other 1312071
Allan Michael Budelman Chief executive officer 1 Jul 2017 Other 3210648
Melissa Jo Budelman Chief compliance officer 1 Jul 2017 Other 5343398

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Scot L. Hunter Revocable Trust Manager member 1 Jul 2010 75% - 100% 25-4720358
Scot Laurence Hunter Trustee 1 Jul 2010 Other 1312071
Allan Michael Budelman Managing member-sole shareholder 1 Jul 2010 75% - 100% 3210648
Scot L. Hunter Sole shareholder 1 Jul 2010 75% - 100% 27-1624430
Melissa Jo Budelman Managing member-sole shareholder 1 Sep 2016 50% - 75% 5343398

Based in Weston

The principal office where Emfo, LLC performs its advisory services is located at 2843 Executive Park Drive, Weston, FL 33331, 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 954-385-9624 or by fax 954-385-6764. The normal business hours are 8:30-5pm on Monday - Friday. You can find more information about the New York firm at emeraldfamilyoffice.com.