Fjy Financial, LLC (Reston)

Name: Fjy Financial, LLC
Address: 1900 Campus Commons Drive, Reston, VA, 20191
Telephone: 703-889-1111

Fjy Financial, LLC is a large advisory firm based in Reston. It manages $493.25 million of regulatory assets for 1,425 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, District of Columbia, Florida, and 6 other states.

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

Fjy Financial: assets under management

The assets under management (AUM) of Fjy Financial, LLC is $493.25 million. The firm's AUM has grown by 21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $446.39 million in discretionary accounts and $46.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $351.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $304.28 thousand.

Fjy Financial has custody of $39.62 million in cash and securities for 143 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

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

The firm provides services to charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Fjy Financial is high net worth individuals with 318 clients and $452.68 million of assets under management. Among the 10 most similar advisory firms, Fjy Financial has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $493.25 million for 342 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.

Fjy Financial doesn't advise any private funds.

Careers at Fjy Financial, LLC

The company employs 12 people that are either part- or full-time employees. 83 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 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
Marjorie Laws Fox	Managing member	1 Jan 2006	50% - 75%	2097177
Jon P Yankee	Member/ceo	1 Jan 2006	25% - 50%	4253154
Larry Dewayne Adams	Member/chief compliance officer	1 Jul 2014	Other	2035244
Laurie Adams Belew	Member/coo	1 Nov 2014	Other	5095121

Based in Reston

The principal office where Fjy Financial, LLC performs its advisory services is located at 1900 Campus Commons Drive, Reston, VA 20191, which is also the mailing address of the firm. An additional office of the firm is in Midland, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-889-1111 or by fax 866-366-9233. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at fjyfinancial.com.