Financial Management Services Of America LLC. (Lafayette)

Name: Financial Management Services Of America LLC.
Address: 412 West University Ste 102, Lafayette, LA, 70506
Telephone: 337-984-7744

Financial Management Services Of America LLC. is a large advisory firm based in Lafayette. It manages $108.74 million of regulatory assets for 1,007 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida, Iowa, Louisiana, and Texas.

Financial Management Services Of America provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 550 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Management Services Of America: assets under management

The assets under management (AUM) of Financial Management Services Of America LLC. is $108.74 million. The firm's AUM has grown by 127% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $70.92 million in discretionary accounts and $37.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $80.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $312.58 thousand.

Investments

The firm invests in pooled investment vehicles the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Management Services Of America LLC. for their services and products based on a percentage of assets under management and hourly charges. 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 Financial Management Services Of America serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Financial Management Services Of America is high net worth individuals with 40 clients and $40.09 million of assets under management. Among the 13 most similar advisory firms, Financial Management Services Of America has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.74 million for 550 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.

Financial Management Services Of America doesn't advise any private funds.

Careers at Financial Management Services Of America LLC.

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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
Victor Scott Sonnier	Ceo	1 Nov 2004	75% - 100%	3151399
Tiffany Nichole Grayson Tauzin	Chief operations officer	1 Jan 2017	Other	4980717

Based in Lafayette

The principal office where Financial Management Services Of America LLC. performs its advisory services is located at 412 West University Ste 102, Lafayette, LA 70506, 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 337-984-7744 or by fax 337-984-7745. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at myfmsa.com.