La Ferla Group LLC (Garden City)


La Ferla Group LLC is a large advisory firm based in Garden City. It manages $207.01 million of regulatory assets for 526 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Colorado, Connecticut, and 10 other states.

La Ferla Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

La Ferla Group: assets under management

The assets under management (AUM) of La Ferla Group LLC is $207.01 million. The firm's AUM has grown by 7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $163.89 million in discretionary accounts and $43.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $459.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $255.14 thousand.

Investments

The firm invests in other assets the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay La Ferla Group LLC for their services and products based on a percentage of assets under management 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 La Ferla Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of La Ferla Group is high net worth individuals with 54 clients and $100.3 million of assets under management. Among the 10 most similar advisory firms, La Ferla Group has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $207.01 million for 382 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.

La Ferla Group doesn't advise any private funds.

Careers at La Ferla Group LLC

The company employs 6 people that are either part- or full-time employees. 67 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Joseph Anthony La Ferla Managing principal/chief compliance officer 1 May 2015 50% - 75% 725905
Thomas David Cordovano Managing principal 1 May 2015 Other 1293853
John Glenn Macri Managing principal 1 May 2015 Other 1314056
Courtney Lynn Mcmanus Chief compliance officer 1 Mar 2016 Other 6116330

Based in Garden City

The principal office where La Ferla Group LLC performs its advisory services is located at 1050 Franklin Avenue, Garden City, NY 11530, which is also the mailing address of the firm. An additional office of the firm is in Bethesda, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 877-257-9040 or by fax 888-474-4923. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.