Professional Financial Strategies, Inc (Pittsford)

Name: Professional Financial Strategies, Inc
Address: 1159 Pittsford Victor Rd, Pittsford, NY, 14534 3827
Telephone: 585-218-9080

Professional Financial Strategies, Inc is a large advisory firm based in Pittsford. It manages $147.38 million of regulatory assets for 96 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of New Hampshire and New York.

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

Professional Financial Strategies: assets under management

The assets under management (AUM) of Professional Financial Strategies, Inc is $147.38 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $147.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.54 million each.

Investments

The firm invests in investment and business development companies the most. They account for 97% 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 exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Professional Financial Strategies, Inc 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 Kam Lin Kok serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kam Lin Kok is high net worth individuals with 65 clients and $121.93 million of assets under management. Among the 9 most similar advisory firms, Professional Financial Strategies has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $147.38 million for 96 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.

Professional Financial Strategies doesn't advise any private funds.

Careers at Professional Financial Strategies, Inc

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No 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.

Kam Lin Kok has been acting as President since 1 Jan 2002. Paul Byron Hill joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Byron Hill	Ceo	1 Feb 1993	75% - 100%	866098
Kam Lin Kok	President	1 Jan 2002	Other	4645967
Paul Byron Hill	Chief compliance officer	1 Apr 2004	75% - 100%	866098

Based in Pittsford

The principal office where Professional Financial Strategies, Inc performs its advisory services is located at 1159 Pittsford Victor Rd, Pittsford, NY 14534 3827 The mailing address of the firm is P.O. Box 999, Pittsford, NY 14534 0999. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-218-9080 or by fax 585-218-9352. The normal business hours are 9:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at professionalfinancial.com.