Fla Asset Management LLC (New York)


Fla Asset Management LLC is a large advisory firm based in New York. It manages $1.58 billion of regulatory assets for 26 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Louisiana and Michigan.

Fla Asset Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fla Asset Management: assets under management

The assets under management (AUM) of Fla Asset Management LLC is $1.58 billion, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $1.58 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $60.85 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fla Asset Management LLC for their services and products based on a percentage of assets under management and performance-based 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.

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Philip Roger Bennett Shareholder 1 Aug 1986 50% - 75% 1367524
Tone North Grant Shareholder 1 Aug 1986 50% - 75% 1367790
Llc ("Rgl") Refco Group Ltd. Member 1 May 1999 75% - 100% 52-2169014
Inc. ("Rghi") Refco Group Holdings Member 1 May 1999 75% - 100% 36-3366699

Based in New York

The principal office where Fla Asset Management LLC performs its advisory services is located at 590 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in East Quogue, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-644-9888 or by fax 212-588-0549. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday.