Fox Financial Services, Inc. (White Plains)

Name: Fox Financial Services, Inc.
Address: 5 Waller Avenue, Suite 305, White Plains, NY, 10601
Telephone: 914-761-1639

Fox Financial Services, Inc. is a mid-sized advisory firm based in White Plains. It manages $77.37 million of regulatory assets for 69 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New York, and Texas.

Fox Financial Services 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.

Fox Financial Services: assets under management

The assets under management (AUM) of Fox Financial Services, Inc. is $77.37 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 148% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $77.37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.12 million each.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Fox Financial Services, 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 Fox Financial Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Fox Financial Services is high net worth individuals with 22 clients and $57.47 million of assets under management. Among the 2 most similar advisory firms, Fox Financial Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $77.37 million for 68 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.

Fox Financial Services doesn't advise any private funds.

Careers at Fox Financial Services, Inc.

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Andrew Roger Fox	President, chief compliance officer	1 Aug 1993	75% - 100%	4444228
Giovanna (Nmn) Fox	Secretary	1 Aug 1993	Other	4444230

Based in White Plains

The principal office where Fox Financial Services, Inc. performs its advisory services is located at 5 Waller Avenue, Suite 305, White Plains, NY 10601, 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 914-761-1639 or by fax 914-761-1659. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at foxfinancialservices.com.