Eddy Financial, LLC (Santa Monica)

Name: Eddy Financial, LLC
Address: 100 Wilshire Blvd, Suite 700, Santa Monica, CA, 90401
Telephone: 310-451-3339

Eddy Financial, LLC is an adviser based in Santa Monica. It manages $40.83 million of regulatory assets for 85 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California and Louisiana.

Eddy Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Eddy Financial: assets under management

The assets under management (AUM) of Eddy Financial, LLC is $40.83 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $40.83 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $480.4 thousand each.

Investments

The firm invests in pooled investment vehicles the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Eddy Financial is high net worth individuals with 14 clients and $32.09 million of assets under management. Among the 2 most similar advisory firms, Eddy Financial has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $40.83 million for 44 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.

Eddy Financial doesn't advise any private funds.

Careers at Eddy Financial, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Devereux Eddy	Managing member & chief compliance officer	1 Nov 2017	75% - 100%	3000011

Based in Santa Monica

The principal office where Eddy Financial, LLC performs its advisory services is located at 100 Wilshire Blvd, Suite 700, Santa Monica, CA 90401, 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 310-451-3339 or by fax 310-870-9784. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at eddyfinancial.com.