Financial Advisors Network, Inc. (Tustin)

Name: Financial Advisors Network, Inc.
Address: 1432 Edinger Avenue, Tustin, CA, 92780
Telephone: 866-526-7726

Financial Advisors Network, Inc. is a large advisory firm based in Tustin. It manages $286.22 million of regulatory assets for 1,621 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Hawaii, and 4 other states.

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

Financial Advisors Network: assets under management

The assets under management (AUM) of Financial Advisors Network, Inc. is $286.22 million. The firm's AUM has grown by 178% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $272.6 million in discretionary accounts and $13.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $197.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $56.74 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Advisors Network, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rod Hundley Kamps serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Rod Hundley Kamps is high net worth individuals with 93 clients and $181.46 million of assets under management. Among the 9 most similar advisory firms, Financial Advisors Network has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $286.22 million for 451 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.

Financial Advisors Network doesn't advise any private funds.

Careers at Financial Advisors Network, Inc.

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Rod Hundley Kamps has been acting as President since 1 Sep 2011. Brian Leaman Douglass joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rod Hundley Kamps	President	1 Sep 2011	Other	2293492
Inc. D.B.A. Kamps Inc. Kamps Asset Management Planning Services	Owner	1 Sep 2011	75% - 100%	33-0940129
Devon Palmquist Borje	Chief compliance officer	1 Sep 2014	Other	2033547
Brian Leaman Douglass	Chief compliance officer	1 Jan 2017	Other	1406770

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Rod Hundley Kamps	Beneficiary to the trust	1 Jun 2002	75% - 100%	2293492
Kamps 2002 Family Trust	Owner	1 Sep 2011	75% - 100%	xxx-xx-xxxx

Based in Tustin

The principal office where Financial Advisors Network, Inc. performs its advisory services is located at 1432 Edinger Avenue, Tustin, CA 92780, which is also the mailing address of the firm. An additional office of the firm is in Chapel Hill, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-526-7726 or by fax 714-597-6518. The normal business hours are 8:30am-5:00pm, lunch: 1:00pm-1:30pm on Monday - Friday. You can find more information about the New York firm at financialadvisorsnetwork.net.