Honest Advisors, LLC (New York)
Honest Advisors, LLC is a multi-state adviser based in New York. It manages $2.15 million of regulatory assets for 1,477 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Honest Advisors provides portfolio management for individuals and small businesses 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.
Honest Advisors: assets under management
The assets under management (AUM) of Honest Advisors, LLC is $2.15 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1357% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Honest 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 Anthony Edward Bunnell serves?
The only and largest group of clients of Anthony Edward Bunnell is individuals with 1,477 clients and $2.15 million of assets under management. Among the 6 most similar advisory firms, Honest Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $2.15 million for 1,477 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.
Honest Advisors doesn't advise any private funds.
Careers at Honest Advisors, LLC
The company employs 17 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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.
Anthony Edward Bunnell has been acting as President since 1 May 2016. Greg Ronald Wilson joined the executive team most recently as the Chairman & Manager.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 6 indirect owners.Based in New York
The principal office where Honest Advisors, LLC performs its advisory services is located at 200 West Street, New York, NY 10282, 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 (855) 783-7283. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at honestdollar.com.
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