Flaharty Asset Management, LLC (Clearwater)

Name: Flaharty Asset Management, LLC
Address: 311 Park Place Blvd., Clearwater, FL, 33759
Telephone: 727-252-1050

Flaharty Asset Management, LLC is a large advisory firm based in Clearwater. It manages $368.76 million of regulatory assets for 1,356 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Florida, Louisiana, and 8 other states.

Flaharty Asset 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 educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Flaharty Asset Management: assets under management

The assets under management (AUM) of Flaharty Asset Management, LLC is $368.76 million. The firm's AUM has grown by 183% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $362.27 million in discretionary accounts and $6.49 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $268.95 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $721.05 thousand.

Flaharty Asset Management has custody of $24.66 million in cash and securities for 42 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Flaharty Asset 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 Flaharty Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Flaharty Asset Management is high net worth individuals with 134 clients and $209.8 million of assets under management. Among the 11 most similar advisory firms, Flaharty Asset Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $368.76 million for 875 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.

Flaharty Asset Management doesn't advise any private funds.

Careers at Flaharty Asset Management, LLC

The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

John Hunter Orr has served as the Chief Investment Officer since 1 Jan 2014. Shon Edward Flaharty joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Shon Edward Flaharty	Ceo	1 Jun 2013	Other	2666498
Llc Flaharty & Associates	Owner	1 Jun 2013	75% - 100%	55-5555555
Cindy Suzanne Smith	Chief compliance officer	1 Jul 2013	Other	4822611
John Hunter Orr	Chief investment officer	1 Jan 2014	Other	5642020
Lucy Kelley Cornelison	Chief compliance officer	1 Mar 2015	Other	1854794
Shon Edward Flaharty	Cco	1 Jun 2015	Other	2666498

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Shon Edward Flaharty	Manager and member	1 Jul 2007	75% - 100%	2666498

Based in Clearwater

The principal office where Flaharty Asset Management, LLC performs its advisory services is located at 311 Park Place Blvd., Clearwater, FL 33759, 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 727-252-1050 or by fax 727-474-3823. The normal business hours are 8 am to 4:30 pm (m-th) 8 am to 4 pm (fri) on Monday - Friday. You can find more information about the New York firm at flahartyllc.com.