Ajf Financial Services, Inc. (New York)


Ajf Financial Services, Inc. is a mid-sized advisory firm based in New York. It manages $80.14 million of regulatory assets for 446 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Louisiana, New Jersey, and New York.

Ajf Financial Services provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ajf Financial Services: assets under management

The assets under management (AUM) of Ajf Financial Services, Inc. is $80.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 80% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $80.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $179.7 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 80% 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 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ajf Financial Services, Inc. for their services and products based on a percentage of assets under management, fixed fees, and commissions. 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 Ajf Financial Services serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Ajf Financial Services is individuals with 275 clients and $59.84 million of assets under management. Among the 0 most similar advisory firms, Ajf Financial Services has the 0th lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $80.14 million for 371 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.

Ajf Financial Services doesn't advise any private funds.

Careers at Ajf Financial Services, Inc.

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 2 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 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.

Ajf Financial Services, Inc. is owned by Loretta No Middle Name Ross Friedman. Christopher Xavier Chiou has served as the Chief Investment Officer since 1 Sep 2015. Michael J Ryan joined the executive team most recently as the Cco.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Andrew Jon Friedman Pres. & cco 1 Jun 1991 75% - 100% 1038517
Christopher Xavier Chiou Chirstopher chiou 1 Sep 2013 Other 6244503
Loretta No Middle Name Ross Friedman Owner 1 Jan 2015 75% - 100% 6606346
Michael J Ryan Cco 1 Jun 2015 Other 5042307
Christopher Xavier Chiou Chief investment officer 1 Sep 2015 Other 6244503

Based in New York

The principal office where Ajf Financial Services, Inc. performs its advisory services is located at 708 Third Avenue, New York, NY 10017, 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 212-779-0789 or by fax 212-779-0851. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at ajffinancial.com.