Oriental Financial Services Corp. (San Juan)
Oriental Financial Services Corp. is a large advisory firm based in San Juan. It manages $114.77 million of regulatory assets for 403 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Puerto Rico.
Oriental Financial Services Corp provides wrap fee program. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Oriental Financial Services Corp: assets under management
The assets under management (AUM) of Oriental Financial Services Corp. is $114.77 million. The company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in other assets the most. They account for 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Oriental Financial Services Corp. 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 Sean Warren Miles Barbosa serves?
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Sean Warren Miles Barbosa is individuals with 372 clients and $88.31 million of assets under management. Among the 9 most similar advisory firms, Oriental Financial Services Corp has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $114.77 million for 403 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.
Oriental Financial Services Corp doesn't advise any private funds.
Careers at Oriental Financial Services Corp.
The company employs 29 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 16 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.
Sean Warren Miles Barbosa has been acting as President since 1 Nov 2014. Sonia Emilia Marbarak joined the executive team most recently as the Chief Compliance Officer.
Direct owners and executive officers
Based in San Juan
The principal office where Oriental Financial Services Corp. performs its advisory services is located at 254 Munoz Rivera Ave, San Juan, PR 00918, which is also the mailing address of the firm. An additional office of the firm is in Guaynabo, PR. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 787-474-1993 or by fax 787-474-1997. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at orientalbank.com.
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