Ostrofe Financial Consultants Inc (Grass Valley)

Name: Ostrofe Financial Consultants Inc
Address: 420 Sierra College Drive, Grass Valley, CA, 95945
Telephone: 530-273-4425

Ostrofe Financial Consultants Inc is a large advisory firm based in Grass Valley. It manages $228.23 million of regulatory assets for 1,843 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Ostrofe Financial Consultants provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ostrofe Financial Consultants: assets under management

The assets under management (AUM) of Ostrofe Financial Consultants Inc is $228.23 million. The firm's AUM has grown by 43% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.94 million in discretionary accounts and $51.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $153.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $74.67 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in government bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ostrofe Financial Consultants Inc for their services and products based on hourly charges. 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 Allen Francis Ostrofe 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 Allen Francis Ostrofe is individuals with 317 clients and $140.39 million of assets under management. Among the 7 most similar advisory firms, Ostrofe Financial Consultants has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $228.23 million for 409 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.

Ostrofe Financial Consultants doesn't advise any private funds.

Careers at Ostrofe Financial Consultants Inc

The company employs 10 people that are either part- or full-time employees. 40 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 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.

Allen Francis Ostrofe has been acting as President since 1 Jun 1988. Seth Tyler Leishman joined the executive team most recently as the President, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Allen Francis Ostrofe	Chief compliance officer/president	1 Jun 1988	50% - 75%	1247987
Sabine Labs Ostrofe	Vice president	1 Jun 1988	50% - 75%	1866336
Seth Tyler Leishman	President, chief compliance officer	1 Jul 2018	50% - 75%	5095063

Based in Grass Valley

The principal office where Ostrofe Financial Consultants Inc performs its advisory services is located at 420 Sierra College Drive, Grass Valley, CA 95945, 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 530-273-4425 or by fax 530-273-4891. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at ostrofefinancial.com.