Firstwave Financial, Inc. is a large advisory firm based in Satellite Beach. It manages $324.47 million of regulatory assets for 179 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Georgia, and Texas.
Firstwave Financial provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Firstwave Financial, Inc. is $324.47 million. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Firstwave Financial, Inc. for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Firstwave Financial is high net worth individuals with 71 clients and $270.69 million of assets under management. Among the 8 most similar advisory firms, Firstwave Financial has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $324.47 million for 179 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.
Firstwave Financial doesn't advise any private funds.
The company employs 11 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Firstwave Financial, Inc. performs its advisory services is located at 1300 Highway Aia, Satellite Beach, FL 32937, which is also the mailing address of the firm. An additional office of the firm is in Orlando, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 321-773-7773 or by fax 321-773-7772. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at firstwavefinancial.com.