Financial And Investment Management Advisors, Inc. (Covington)

Name: Financial And Investment Management Advisors, Inc.
Address: 72096 Ramos Avenue, Covington, LA, 70433
Telephone: 985-893-1440

Financial And Investment Management Advisors, Inc. is a large advisory firm based in Covington. It manages $466.4 million of regulatory assets for 2,115 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arkansas, California, and 21 other states.

Financial And Investment Management Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, market timing services, educational seminars and workshops, and estate planning. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial And Investment Management Advisors: assets under management

The assets under management (AUM) of Financial And Investment Management Advisors, Inc. is $466.4 million. The firm's AUM has grown by 1455% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 64% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial And Investment Management Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Scott Edward Bordelon serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Scott Edward Bordelon is individuals with 1,882 clients and $261.86 million of assets under management. Among the 10 most similar advisory firms, Financial And Investment Management Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $464.02 million for 2,112 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 And Investment Management Advisors doesn't advise any private funds.

Careers at Financial And Investment Management Advisors, Inc.

The company employs 28 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 28 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Scott Edward Bordelon has been acting as President since 1 Apr 1994. Albert Larry Lock joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Edward Bordelon	President	1 Apr 1994	75% - 100%	733645
Scott Edward Bordelon	Chief compliance officer	1 Oct 2004	75% - 100%	733645
Amy Lynn Betts	Chief compliance officer	1 Mar 2015	Other	4154449
Scott Edward Bordelon	President	1 Apr 2018	50% - 75%	733645
Albert Larry Lock	Member	1 Apr 2018	25% - 50%	720227
Steven Michael Hollis	Chief financial officer	1 Apr 2018	Other	1221707

Based in Covington

The principal office where Financial And Investment Management Advisors, Inc. performs its advisory services is located at 72096 Ramos Avenue, Covington, LA 70433, which is also the mailing address of the firm. An additional office of the firm is in St. Louis, MO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 985-893-1440 or by fax 985-893-1450. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at fimadvisors.com.