Jfs Wealth Advisors, LLC (Hermitage)

Jfs Wealth Advisors 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 prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Jfs Wealth Advisors: assets under management

The assets under management (AUM) of Jfs Wealth Advisors, LLC is $2.21 billion. The firm's AUM has grown by 269% since the beginning of its operation, and $968.18 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.97 billion in discretionary accounts and $238.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $381.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.09 million.

Jfs Wealth Advisors has custody of $1.24 billion in cash and securities for 1,431 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Jfs Wealth Advisors, 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 Jfs Wealth Advisors 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 Jfs Wealth Advisors is high net worth individuals with 443 clients and $1.26 billion of assets under management. Among the 5 most similar advisory firms, Jfs Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.19 billion for 2,005 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Jfs Wealth Advisors doesn't advise any private funds.

Careers at Jfs Wealth Advisors, LLC

The company employs 63 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No 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 compensates 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

Indirect Owners

The SEC currently registers 13 indirect owners.

Based in Hermitage

The principal office where Jfs Wealth Advisors, LLC performs its advisory services is located at 1479 N. Hermitage Rd., Hermitage, PA 16148, which is also the mailing address of the firm. An additional office of the firm is in Pittsburgh, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 724-962-3200 or by fax 724-962-4611. The normal business hours are 9:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at jfswa.com.

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