Letteney Financial Advisory, Llc
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$2,018,129
Total clients
40
0% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
40
Average account size
$50,453
About
Letteney Financial Advisory provides discretionary investment management and financial planning to individual clients, offering services that include portfolio management, establishment of IRAs and brokerage accounts, and financial planning and consulting engagements. Clients’ accounts are maintained at Charles Schwab, and advisory relationships are structured through a formal asset management agreement.
The firm uses both fundamental and technical analysis to build portfolios, generally favoring longer-term holdings with periodic rebalancing to meet client goals and cash needs. Investment recommendations commonly emphasize mutual funds, and strategies are tailored to each client’s risk tolerance and any specified investment restrictions.
Noteworthy aspects include the firm’s small scale—roughly $2.0 million in discretionary assets across about 40 clients—which supports a relatively hands-on, individualized practice model. The firm manages all accounts through a single custodian, does not accept proxy-voting responsibility, and conducts mutual fund share-class conversions and separate consulting projects on an hourly or project basis when appropriate.
Client services
Fee options
Fixed project fees for financial consulting, negotiable
$0 - $50,000: 1.75% $50,001 - $75,000: 1.70% $75,001 - $100,000: 1.60% $100,001 - $250,000: 1.50% $250,001 - $500,000: 1.40% $500,001 - $1,000,000: 1.25% $1,000,001+: 1.00%
$250 per hour for financial consulting
Account minimum: $50,000 (can be waived at sole discretion of LFA) Fee-only: Financial consulting billed hourly at $250/hour or fixed project fee, all negotiable
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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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.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Main office location
Letteney Financial Advisory, Llc
Waldoboro ME, United States
Number of offices
1
Forms ADV
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