Flc Capital Advisors (Palm Desert)

Name: Flc Capital Advisors
Address: 44750 Village Court, Palm Desert, CA, 92260
Telephone: 760-779-8110

Flc Capital Advisors is a large advisory firm based in Palm Desert. It manages $322.43 million of regulatory assets for 438 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, Texas, and Washington.

Flc Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, 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.

Flc Capital Advisors: assets under management

The assets under management (AUM) of Flc Capital Advisors is $322.43 million. The firm's AUM has grown by 975% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $316.71 million in discretionary accounts and $5.73 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $733.12 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $954.26 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is state and local bonds, which make up 23% of the firm’s portfolio. Investments in government bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Flc Capital Advisors for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David A Neil serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of David A Neil is high net worth individuals with 97 clients and $294.47 million of assets under management. Among the 9 most similar advisory firms, Flc Capital Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $322.43 million for 218 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.

Flc Capital Advisors doesn't advise any private funds.

Careers at Flc Capital Advisors

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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.

David A Neil has been acting as President since 1 Oct 1996. Brian Darin Ekstrom joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Max A Briggs	Ceo, president, chief compliance officer	1 Oct 1996	50% - 75%	2737513
David A Neil	President	1 Oct 1996	50% - 75%	2737515
Jonathan Lesley Chatfield	Vice president/chief compliance officer	1 Dec 2005	Other	2583511
Brian Darin Ekstrom	Chief compliance officer	1 Mar 2017	Other	4492678

Based in Palm Desert

The principal office where Flc Capital Advisors performs its advisory services is located at 44750 Village Court, Palm Desert, CA 92260, 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 760-779-8110 or by fax 760-779-8112. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at flccapital.com.