Fama Fiduciary Wealth LLC (Rochester)

Name: Fama Fiduciary Wealth LLC
Address: 3445 Winton Place, Rochester, NY, 14623
Telephone: 585-292-6007

Fama Fiduciary Wealth LLC is a mid-sized advisory firm based in Rochester. It manages $45.59 million of regulatory assets for 159 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Fama Fiduciary Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and website. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fama Fiduciary Wealth: assets under management

The assets under management (AUM) of Fama Fiduciary Wealth LLC is $45.59 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 53% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $45.59 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $286.75 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fama Fiduciary Wealth LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fama Fiduciary Wealth serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Fama Fiduciary Wealth is high net worth individuals with 20 clients and $26.61 million of assets under management. Among the 3 most similar advisory firms, Fama Fiduciary Wealth has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $45.59 million for 47 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.

Fama Fiduciary Wealth doesn't advise any private funds.

Careers at Fama Fiduciary Wealth 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew John Fama	Managing member and cco	1 Dec 2007	75% - 100%	4641959

Based in Rochester

The principal office where Fama Fiduciary Wealth LLC performs its advisory services is located at 3445 Winton Place, Rochester, NY 14623, 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 585-292-6007 or by fax 585-481-2097. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at andrewfama.com and its LinkedIn profile.