Channel Family Assets LLC (Bronxville)

Name: Channel Family Assets LLC
Address: 3 Minturn Road, Bronxville, NY, 10708
Telephone: 646-290-7077

Channel Family Assets LLC is an adviser based in Bronxville. It manages $23.83 million of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2012.

Channel Family Assets provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Channel Family Assets: assets under management

The assets under management (AUM) of Channel Family Assets LLC is $23.83 million. The firm's AUM has gone down by -66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.7 million in discretionary accounts and $19.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $361.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.19 million.

Investments

The firm invests in other assets the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Channel Family Assets 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 Channel Family Assets serves?

The only and largest group of clients of Channel Family Assets is high net worth individuals with 10 clients and $23.83 million of assets under management. Among the 4 most similar advisory firms, Channel Family Assets has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $23.83 million for 10 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.

Channel Family Assets doesn't advise any private funds.

Careers at Channel Family Assets LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No 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
Darcy Paige Garner	Managing member of llc, cco and founding partner	1 Apr 2012	75% - 100%	2702939
Darcy Garner Bhatia	Managing member of llc, cco and founding partner	1 Apr 2012	75% - 100%	2702939

Based in Bronxville

The principal office where Channel Family Assets LLC performs its advisory services is located at 3 Minturn Road, Bronxville, NY 10708 The mailing address of the firm is 3 Minturn Road, Bronxville, NY 10708. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-290-7077 or by fax 646-390-5295. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at channelfamilyassets.com.