Stark Financial Advisers, Inc. (Delray Beach)

Name: Stark Financial Advisers, Inc.
Address: 701 Southeast 6 Th Avenue, Delray Beach, FL, 33483
Telephone: 561-243-3815

Stark Financial Advisers, Inc. is a large advisory firm based in Delray Beach. It manages $124.73 million of regulatory assets for 70 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, North Carolina, and Wisconsin.

Stark Financial Advisers provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Stark Financial Advisers: assets under management

The assets under management (AUM) of Stark Financial Advisers, Inc. is $124.73 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $124.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.78 million each.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in government bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Stark Financial Advisers, Inc. for their services and products based on a percentage of assets under management. 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 Gary Lester Stark serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Gary Lester Stark is individuals with 40 clients and $74.88 million of assets under management. Among the 7 most similar advisory firms, Stark Financial Advisers has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $124.73 million for 70 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.

Stark Financial Advisers doesn't advise any private funds.

Careers at Stark Financial Advisers, Inc.

The company employs 4 people that are either part- or full-time employees. 100 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.

Gary Lester Stark has been acting as President since 1 Dec 2001. Jerry Anthony Desiderio joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Lester Stark	President/ceo	1 Dec 2001	75% - 100%	433866
Ellen Ruth Adler	Vice president	1 Dec 2001	Other	4340102
Jerry Anthony Desiderio	Cco	1 Aug 2008	Other	2799614

Based in Delray Beach

The principal office where Stark Financial Advisers, Inc. performs its advisory services is located at 701 Southeast 6 Th Avenue, Delray Beach, FL 33483, 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 561-243-3815 or by fax 561-243-6465. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at starkfinancial.com.