Financial Counseling Associates, Inc. (Golden)


Financial Counseling Associates, Inc. is a large advisory firm based in Golden. It manages $165 million of regulatory assets for 305 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Colorado, New Mexico, and Texas.

Financial Counseling Associates provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Counseling Associates: assets under management

The assets under management (AUM) of Financial Counseling Associates, Inc. is $165 million. The firm's AUM has grown by 27% since the beginning of its operation, and $250 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $157 million in discretionary accounts and $8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $523.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.6 million.

Investments

The firm invests in exchange traded securities the most. They account for 95% 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 investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Counseling Associates, Inc. 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 Joseph Louis Rillos serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Joseph Louis Rillos is individuals with 255 clients and $115 million of assets under management. Among the 7 most similar advisory firms, Financial Counseling Associates has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $163 million for 305 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Financial Counseling Associates doesn't advise any private funds.

Careers at Financial Counseling Associates, Inc.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Joseph Louis Rillos has been acting as President since 1 Feb 1993. Matthew Joseph Rillos joined the executive team most recently as the Cco.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Joseph Kopel Vice-president 1 Feb 1993 50% - 75% 2011781
Joseph Louis Rillos President 1 Feb 1993 50% - 75% 1040209
Matthew Joseph Rillos Chief compliance officer 1 Jan 2008 25% - 50% 5474261
Matthew Joseph Rillos Cco 1 Jan 2018 50% - 75% 5474261

Based in Golden

The principal office where Financial Counseling Associates, Inc. performs its advisory services is located at 16475 W 51 St Place, Golden, CO 80403, which is also the mailing address of the firm. An additional office of the firm is in Aurora, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1-866-322-2728 or by fax 303-317-4620. The normal business hours are 9 am to 5pm on Monday - Friday. You can find more information about the New York firm at fca-inc.com.