Financial Directions LLC (Tucson)

Name: Financial Directions LLC
Address: 1228 East Prince Road, Tucson, AZ, 85719
Telephone: 520-408-7777

Financial Directions LLC is a large advisory firm based in Tucson. It manages $393.39 million of regulatory assets for 1,753 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, New Mexico, and Texas.

Financial Directions provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Directions: assets under management

The assets under management (AUM) of Financial Directions LLC is $393.39 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 888% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $393.39 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224.41 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Directions 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 Financial Directions serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Financial Directions is individuals with 1,721 clients and $206.43 million of assets under management. Among the 12 most similar advisory firms, Financial Directions has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $393.39 million for 1,753 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.

Financial Directions doesn't advise any private funds.

Careers at Financial Directions LLC

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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
Stanton William Spackeen	Managing member	1 Mar 1996	50% - 75%	1398332
Frank Bertram Griffith	Member	1 Mar 1996	50% - 75%	1084635
Walter Ray Martin	Member	1 Mar 1996	25% - 50%	849677
Mary Lee Cherba	Chief compliance officer	1 Sep 2005	Other	3129156

Based in Tucson

The principal office where Financial Directions LLC performs its advisory services is located at 1228 East Prince Road, Tucson, AZ 85719, 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 520-408-7777 or by fax 520-408-7770. The normal business hours are 8:00 - 4:00 on Monday - Friday. You can find more information about the New York firm at financialdirectionsllc.com.