Financial Advantage Advisors Co.
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$20,584,793
Clients
47
38% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
47
HighAverage account size
$437,974
About
Financial Advantage Advisors Co. is an independent, single‑advisor registered investment adviser that serves individual clients, including a subset of high‑net‑worth clients, managing $20,584,793 across 65 accounts. The firm offers financial planning, ongoing portfolio and asset management, referrals to third‑party money managers, and access to wrap‑fee programs.
The firm’s investment approach is value‑oriented and built around model mutual fund allocation portfolios (the BP and SBP series developed in the 1990s), using a predominantly buy‑and‑hold posture with tactical and strategic asset‑allocation tools and limited option strategies (covered calls and protective puts). Portfolios are implemented mainly with mutual funds and ETFs (the brochure reports roughly 49% equities/ETFs, 31% mutual funds and 20% cash/cash equivalents) and may be adjusted for special situations or moved to cash when considered appropriate.
What is distinctive for a solo independent adviser is that the firm’s adviser also acts as a registered representative of a broker‑dealer and operates an affiliated insurance agency and tax service, so recommendations can be implemented in the adviser’s separate, commission‑bearing capacities and the firm may receive commissions or referral/fee‑sharing payments (the FAAP program notes about 8% of fees are paid to the broker‑dealer). The brochure discloses these relationships and the firm’s referral arrangements with third‑party managers as potential conflicts of interest and explains procedures for client disclosure and oversight.
Client services
Financial planning
Portfolio management
Selection of other advisers
Fee options
Estate transfer fees typically $250 per account per beneficiary; fees negotiable
Negotiated up to 3% for asset management services; maximum 2.25% if account holds only mutual funds
Associated persons may earn commissions as registered representatives and insurance agents; commissions may offset advisory fees
Hourly rates range from $100 to $400 per hour depending on service and personnel
Account minimum: $50,000 Minimum fee: Minimum fee of $500 for portfolio analysis services and $500 for written plans Fee-only: Financial planning fees range from 1% to 3% of account value; written plans fees range from $250 to $10,000; hourly consulting fees range from $100 to $400 per hour depending on service
Most active in
Financial Advantage Advisors Co. has reported serving >5 clients in these states in the last 12 months.
Connecticut
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
Forms ADV
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