Aft, Forsyth And Company, Inc. (West Palm Beach)

Aft, Forsyth And Company, Inc. is a large advisory firm based in West Palm Beach. It manages $142.57 million of regulatory assets for 173 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Florida.

Aft, Forsyth And Company provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Aft, Forsyth And Company: assets under management

The assets under management (AUM) of Aft, Forsyth And Company, Inc. is $142.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 150% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $142.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $824.1 thousand each.

Aft, Forsyth And Company has custody of $80.07 million in cash and securities for 38 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is investment and business development companies, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Aft, Forsyth And Company, Inc. for their services and products based on a percentage of assets under management. 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 Larry Norman Aft serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Larry Norman Aft is high net worth individuals with 41 clients and $134.67 million of assets under management. Among the 10 most similar advisory firms, Aft, Forsyth And Company has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $142.57 million for 75 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.

Aft, Forsyth And Company doesn't advise any private funds.

Careers at Aft, Forsyth And Company, Inc.

The company employs 2 people that are either part- or full-time employees. 100 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.

Larry Norman Aft has been acting as President since 1 Sep 2005. Joseph David Forsyth joined the executive team most recently as the Vice President/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Larry Norman Aft	President	1 Sep 2005	75% - 100%	1747537
Joseph David Forsyth	Vice president/chief compliance officer	1 Sep 2005	25% - 50%	2580250

Based in West Palm Beach

The principal office where Aft, Forsyth And Company, Inc. performs its advisory services is located at 777 S. Flagler Dr., West Palm Beach, FL 33401, 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 561-296-6680 or by fax 561-296-6684. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday.