Florek Financial, LLC (Duxbury)

Name: Florek Financial, LLC
Address: 459 Washington Street, Suite 21, Duxbury, MA, 02331 0128
Telephone: 781-934-9400

Florek Financial, LLC is a large advisory firm based in Duxbury. It manages $232.53 million of regulatory assets for 447 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Massachusetts.

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

Florek Financial: assets under management

The assets under management (AUM) of Florek Financial, LLC is $232.53 million. $2.69 million of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in state and local bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Florek Financial, LLC 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 Florek Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Florek Financial is high net worth individuals with 17 clients and $155.29 million of assets under management. Among the 9 most similar advisory firms, Florek Financial has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $232.53 million for 68 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.

Florek Financial doesn't advise any private funds.

Careers at Florek Financial, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 compensates 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
Robert Coady Florek	Managing member and chief compliance officer	1 Nov 2009	75% - 100%	4751649

Based in Duxbury

The principal office where Florek Financial, LLC performs its advisory services is located at 459 Washington Street, Suite 21, Duxbury, MA 02331 0128 The mailing address of the firm is 459 Washington Street, Suite 21, Duxbury, MA 02331 0128. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-934-9400 or by fax 781-704-7921. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at florekfinancial.com.