Newday Solutions, LLC (Hampton)

Name: Newday Solutions, LLC
Address: 1 Park Avenue, Hampton, NH, 03842 2113
Telephone: (800) 834-2101

Newday Solutions, LLC is a large advisory firm based in Hampton. It manages $148.25 million of regulatory assets for 909 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Maine, Massachusetts, and New Hampshire.

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

Newday Solutions: assets under management

The assets under management (AUM) of Newday Solutions, LLC is $148.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $148.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $163.09 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 67% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Newday Solutions, 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 Newday Solutions serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Newday Solutions is individuals with 261 clients and $79.67 million of assets under management. Among the 9 most similar advisory firms, Newday Solutions has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $148.25 million for 300 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.

Newday Solutions doesn't advise any private funds.

Careers at Newday Solutions, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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
Christopher Edward Winn	Member and chief compliance officer	1 Nov 2015	75% - 100%	4639347
Kathleen Mary Thomas	Managing member and chief compliance officer	1 Dec 2015	75% - 100%	2308400

Based in Hampton

The principal office where Newday Solutions, LLC performs its advisory services is located at 1 Park Avenue, Hampton, NH 03842 2113, 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 (800) 834-2101. The normal business hours are 8:30am - 5:00pm m-th and 8:30 - 2:00 f on Monday - Friday. You can find more information about the New York firm at newdaysolutions.com.