Sharp Financial Services, LLC (Horsham)

Name: Sharp Financial Services, LLC
Address: 100 Tournament Drive, Horsham, PA, 19044
Telephone: (215) 659-2130

Sharp Financial Services, LLC is a large advisory firm based in Horsham. It manages $146.75 million of regulatory assets for 242 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of New Jersey, New York, and Pennsylvania.

Sharp Financial Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Sharp Financial Services: assets under management

The assets under management (AUM) of Sharp Financial Services, LLC is $146.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $146.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $606.42 thousand each.

Sharp Financial Services has custody of $124.28 million in cash and securities for 54 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sharp Financial Services, LLC 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 Sharp Financial Services serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sharp Financial Services is high net worth individuals with 31 clients and $132.23 million of assets under management. Among the 9 most similar advisory firms, Sharp Financial Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $145.83 million for 84 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.

Sharp Financial Services doesn't advise any private funds.

Careers at Sharp Financial Services, LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 4 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 compensates 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
Michael Howard Sharp	Founder, managing member	1 Jan 1993	75% - 100%	2948922
April Marie Collins	Director, wealth management, chief compliance officer	1 Aug 2017	Other	5216524

Based in Horsham

The principal office where Sharp Financial Services, LLC performs its advisory services is located at 100 Tournament Drive, Horsham, PA 19044, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (215) 659-2130. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at sharpllc.com/p/sharp-financial-services-llc and its LinkedIn profile.