A.G. Morgan Financial Advisors, LLC (Massapequa)

Name: A.G. Morgan Financial Advisors, LLC
Address: 5260 Merrick Road, Massapequa, NY, 11758
Telephone: 516-798-1100

A.G. Morgan Financial Advisors, LLC is a large advisory firm based in Massapequa. It manages $151 million of regulatory assets for 1,125 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Connecticut, Florida, New Jersey, and New York.

A.G. Morgan Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It prepares financial plans for more than 499 clients. On top of advisory services, the firm also engages as sales of private placements.

A.G. Morgan Financial Advisors: assets under management

The assets under management (AUM) of A.G. Morgan Financial Advisors, LLC is $151 million. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $144 million in discretionary accounts and $7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $130.91 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $280 thousand.

A.G. Morgan Financial Advisors has custody of $25 million in cash and securities for 80 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay A.G. Morgan Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 A.G. Morgan Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of A.G. Morgan Financial Advisors is individuals with 1,075 clients and $137 million of assets under management. Among the 10 most similar advisory firms, A.G. Morgan Financial Advisors has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $151 million for 1,195 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.

A.G. Morgan Financial Advisors doesn't advise any private funds.

Careers at A.G. Morgan Financial Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Vincent Jerome Camarda	Ceo, chairman	1 Jun 2014	75% - 100%	2463703
James Edward Mcarthur	Chief compliance officer	1 Jun 2014	Other	2797856

Based in Massapequa

The principal office where A.G. Morgan Financial Advisors, LLC performs its advisory services is located at 5260 Merrick Road, Massapequa, NY 11758, which is also the mailing address of the firm. An additional office of the firm is in Southington, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 516-798-1100 or by fax 516-798-1134. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at agmorgan.net.