Flagstone Financial Management, LLC (Lincoln)
Flagstone Financial Management, LLC is a large advisory firm based in Lincoln. It manages $144.97 million of regulatory assets for 644 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Colorado, Nebraska, and Texas.
Flagstone Financial Management 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, and investment consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
Flagstone Financial Management: assets under management
The assets under management (AUM) of Flagstone Financial Management, LLC is $144.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in investment and business development companies the most. They account for 84% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Flagstone Financial Management, 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 Flagstone Financial Management serves?
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Flagstone Financial Management is high net worth individuals with 53 clients and $82.13 million of assets under management. Among the 7 most similar advisory firms, Flagstone Financial Management has the 2nd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $142.92 million for 211 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.
Flagstone Financial Management doesn't advise any private funds.
Careers at Flagstone Financial Management, LLC
The company employs 6 people that are either part- or full-time employees. 33 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 compensates 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
Indirect Owners
The SEC currently registers 1 indirect owner.Based in Lincoln
The principal office where Flagstone Financial Management, LLC performs its advisory services is located at 5801 Hidcote Dr. Ste 100, Lincoln, NE 68516, 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 402-413-0440 or by fax 402-413-0438. The normal business hours are 8:00 a.m. to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at flagstonefm.com.
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