Avenir Private Advisors, LLC (Miami)

Name: Avenir Private Advisors, LLC
Address: 177 Ne 44 Th Street, Miami, FL, 33137
Telephone: +1 (305) 676 6676

Avenir Private Advisors, LLC is a large advisory firm based in Miami. It manages $130.43 million of regulatory assets for 630 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Connecticut, Florida, New Jersey, North Carolina, and Virginia.

Avenir Private 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 less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Avenir Private Advisors: assets under management

The assets under management (AUM) of Avenir Private Advisors, LLC is $130.43 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -13% since the beginning of its operation, and $69.55 million of the total AUM is attributable to clients outside of the United States.

The firm manages $130.43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $207.04 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, insurance companies, and high net worth individuals. The largest group of clients of Avenir Private Advisors is individuals with 612 clients and $106.69 million of assets under management. Among the 12 most similar advisory firms, Avenir Private Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $130.43 million for 630 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Avenir Private Advisors doesn't advise any private funds.

Careers at Avenir Private Advisors, LLC

The company employs 22 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives 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
Llc Avenir Investment Group	Managing member	1 Jun 2018	75% - 100%	83-0633255
Mark David Coffey	Chief compliance officer	1 Jun 2018	Other	2400035
Justin Peter Lowe	Manager, chief compliance officer	1 Sep 2019	50% - 75%	3114310

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Moorea Investments Llc	Owner	1 Jun 2018	50% - 75%	47-5334937
Justin Peter Lowe	Manager	1 Jun 2018	50% - 75%	3114310
1788 Capital Group Sa	Owner	1 Jan 2019	25% - 50%	00-0189070

Based in Miami

The principal office where Avenir Private Advisors, LLC performs its advisory services is located at 177 Ne 44 Th Street, Miami, FL 33137, which is also the mailing address of the firm. An additional office of the firm is in Pensacola, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number +1 (305) 676 6676. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at avenirprivate.com and its LinkedIn profile.