Sfga LLC (Honolulu)

Name: Sfga LLC
Address: 1585 Kapiolani Blvd., Honolulu, HI, 96814
Telephone: 808 951-7185

Sfga LLC is a large advisory firm based in Honolulu. It manages $107.6 million of regulatory assets for 520 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Hawaii, Illinois, and Washington.

Sfga provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sfga: assets under management

The assets under management (AUM) of Sfga LLC is $107.6 million. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $101.97 million in discretionary accounts and $5.63 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $205.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $234.44 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sfga LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Sfga serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Sfga is individuals with 481 clients and $85.32 million of assets under management. Among the 9 most similar advisory firms, Sfga has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $107.6 million for 520 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.

Sfga doesn't advise any private funds.

Careers at Sfga LLC

The company employs 6 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 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
Herbert Suekichi Shiraishi	Managing member	1 Jul 2013	75% - 100%	1835557
Jason Lloyd Wong	Chief compliance officer	1 Sep 2013	Other	2965770

Based in Honolulu

The principal office where Sfga LLC performs its advisory services is located at 1585 Kapiolani Blvd., Honolulu, HI 96814, which is also the mailing address of the firm. An additional office of the firm is in Hilo, HI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 808 951-7185 or by fax 808-942-7601. The normal business hours are 9:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at shiraishifinancialgroup.com.