Newday Funds, Inc. is a multi-state adviser based in San Francisco. It manages $870.39 thousand of regulatory assets for 121 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Newday Funds provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as esg research.
The assets under management (AUM) of Newday Funds, Inc. is $870.39 thousand. The firm's AUM has gone down by -2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Newday Funds, Inc. for their services and products based on a percentage of assets under management. 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.
The only and largest group of clients of Newday Funds is individuals with 121 clients and $870.39 thousand of assets under management. Among the 2 most similar advisory firms, Newday Funds has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $870.39 thousand for 121 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.
Newday Funds doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 2 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.
The principal office where Newday Funds, Inc. performs its advisory services is located at 735 Montgomery, Suite 330, San Francisco, CA 94111, 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 415-952-6992 or by fax 831-392-5178. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at newdayinvesting.com.