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Black Coral Financial Advisors, LLC

Updated today

Total assets under management

$504,382,000

Total clients

88

100% high-net worth

Total advisors

4

of 6 employees

Firm size

Team

4-10 advisors or $500M+ in AUM

Average clients per advisor

22

Average account size

$5,731,614

About

Black Coral Financial Advisors provides comprehensive financial counseling and investment advisory services primarily to high-net-worth individuals and related entities, as well as to corporate and employer-sponsored programs. Services described in the brochure include individualized financial plans, retirement and estate planning support, investment account management (discretionary and nondiscretionary), and employer-focused financial education programs and seminars.

The firm constructs individualized asset allocations and monitors accounts using portfolio management teams and model portfolios that incorporate taxable and municipal fixed income, equities, mutual funds and ETFs, and may recommend third‑party managers. Black Coral uses institutional custody and platform arrangements with Fidelity and Charles Schwab to provide execution, reporting and administrative support while rebalancing and reviewing client allocations at least annually.

Distinctive elements noted in the brochure include a formal role coordinating with outside accounting and technical specialists (Black Coral arranges introductions to third‑party accounting services rather than providing accounting advice directly), an ongoing practice of delivering customized employer seminars and workshops, and affiliated insurance distribution activity through licensed advisors acting as agents or sub‑producers. The firm also manages roughly $504,382,000 in client assets across a relatively small client base (88 clients), reflecting a concentrated, high‑net‑worth client focus and a mix of third‑party discretionary and non‑discretionary management relationships.

Client services

Financial planning Portfolio management Selection of other advisers Educational seminars or workshops

Expertise

General retirement planning Retirement income strategy Tax strategies for small businesses

Occupation focus

Founder/Business Owner Executive

Demographic focus

Approaching retirement Established Professionals

Fee options

Fixed

Seminar fees range from $5,000 to $250,000; fixed fees for reporting services starting at $1,500 annually.

Percentage

$0 - $1,000,000: 1.00% $1,000,000 - $2,000,000: 0.95% $2,000,000 - $3,000,000: 0.90% $3,000,000 - $4,000,000: 0.85% $4,000,000 - $5,000,000: 0.80% $5,000,000+: 0.75%

Other

Account minimum: $500,000 Fee-only: Annual fees for financial counseling range from $0 to $100,000, negotiable and variable based on services and client circumstances.

Main office location

Black Coral Financial Advisors, LLC

350 Clark Drive, Suite 320

Mount Olive NJ 07828, United States

Number of offices

4

Most active in

Arizona · California · Florida · Georgia · Massachusetts · Michigan · New Hampshire · New Jersey · New York · Pennsylvania · Texas · Virginia

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

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