Adviceone Advisory Services, LLC is a large advisory firm based in Glastonbury. It manages $673.6 million of regulatory assets for 2,766 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Connecticut, and 18 other states.
Adviceone Advisory Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 700 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Adviceone Advisory Services, LLC is $673.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1023% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Adviceone Advisory Services, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Michael Paul Grossman is individuals with 1,209 clients and $366.63 million of assets under management. Among the 9 most similar advisory firms, Adviceone Advisory Services has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $670.98 million for 1,442 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.
Adviceone Advisory Services doesn't advise any private funds.
The company employs 39 people that are either part- or full-time employees. 26 percent of the employees work as investment advisers or researchers. 10 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.
The principal office where Adviceone Advisory Services, LLC performs its advisory services is located at 100 Western Boulevard, Glastonbury, CT 06033, which is also the mailing address of the firm. An additional office of the firm is in North Haven, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 860-659-4900 or by fax 860-659-4909. The normal business hours are 8:30am-5:00pm (monday to thursday) & 8:30am-4pm (friday) on Monday - Friday. You can find more information about the New York firm at adviceoneretirement.com.