Futureadvisor, Inc. (San Francisco)
Futureadvisor, Inc. is a large advisory firm based in San Francisco. It manages $1.19 billion of regulatory assets for 18,179 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 47 other states.
Futureadvisor 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 doesn't engage in other business activities.
Futureadvisor: assets under management
The assets under management (AUM) of Futureadvisor, Inc. is $1.19 billion, 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 98% of the total AUM. The second-largest asset type is exchange traded securities, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Futureadvisor, 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.
What kind of clients Jon Changzheng Xu serves?
The only and largest group of clients of Jon Changzheng Xu is individuals with 12,285 clients and $1.17 billion of assets under management. Among the 8 most similar advisory firms, Futureadvisor has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.17 billion for 12,285 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.
Futureadvisor doesn't advise any private funds.
Careers at Futureadvisor, Inc.
The company employs 124 people that are either part- or full-time employees. 7 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.
Jon Changzheng Xu has been acting as President since 1 May 2010. Dervilla Anne Lannon joined the executive team most recently as the Director.
Direct owners and executive officers
Based in San Francisco
The principal office where Futureadvisor, Inc. performs its advisory services is located at 400 Howard Street, San Francisco, CA 94105, 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 8009757199. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at futureadvisor.com.
Registered investment advisers similar to Futureadvisor, Inc.
- Stack Financial Management
- Oakbrook Investment
- Southern Wealth Investment Advisors
- Garrison Loan Management
- Cynosure Management
- Hynes Himmelreich Glennon & Company
- Fb Capital Management Of Kansas
- Tom Johnson Investment Management
- Holdco Asset Management
- Fireman Capital Advisors
- Certified Advisory Corp
- Lend Lease Hyperion Capital Advisors
- Versa Capital Management
- Windsor Group
- Krg Capital Management