Figtree Financial Advisors, LLC (Santa Clara)


Figtree Financial Advisors, LLC is an adviser based in Santa Clara. It manages $20 million of regulatory assets for 132 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of California.

Figtree Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and portfolio monitoring. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Figtree Financial Advisors: assets under management

The assets under management (AUM) of Figtree Financial Advisors, LLC is $20 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2 million in discretionary accounts and $18 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $153.85 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $151.26 thousand.
Figtree Financial Advisors has custody of $32.22 thousand in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Figtree Financial Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Figtree Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Figtree Financial Advisors is individuals with 56 clients and $15.24 million of assets under management. Among the 0 most similar advisory firms, Figtree Financial Advisors has the 0th lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $20 million for 61 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.

Figtree Financial Advisors doesn't advise any private funds.

Careers at Figtree Financial Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Regina Carbajal Legates Managing member and chief compliance officer 1 Apr 2019 75% - 100% 3007598

Based in Santa Clara

The principal office where Figtree Financial Advisors, LLC performs its advisory services is located at 5201 Great America Parkway, Santa Clara, CA 95054, which is also the mailing address of the firm. An additional office of the firm is in Los Altos, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 408-891-3574. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at figtreeadvisors.com.