Brendel Financial Advisors LLC (Hanover)

Name: Brendel Financial Advisors LLC
Address: 64 Lyme Rd., Hanover, NH, 03755
Telephone: 603-643-4441

Brendel Financial Advisors LLC is a large advisory firm based in Hanover. It manages $120.46 million of regulatory assets for 533 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, and 3 other states.

Brendel Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Brendel Financial Advisors: assets under management

The assets under management (AUM) of Brendel Financial Advisors LLC is $120.46 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $120.46 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226 thousand each.

Brendel Financial Advisors has custody of $66.44 million in cash and securities for 195 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Brendel Financial Advisors is high net worth individuals with 28 clients and $78.94 million of assets under management. Among the 7 most similar advisory firms, Brendel Financial Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $118.46 million for 199 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.

Brendel Financial Advisors doesn't advise any private funds.

Careers at Brendel Financial Advisors LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
John Joseph Brendel	Managing member, cco	1 Jun 2017	75% - 100%	1804805

Based in Hanover

The principal office where Brendel Financial Advisors LLC performs its advisory services is located at 64 Lyme Rd., Hanover, NH 03755, 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 603-643-4441. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at brendelfinancial.com/.