Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Performance-based Fees
- Other
Sky Alpha Asset Advisors LLC Overview
SKY ALPHA ASSET ADVISORS LLC is an investment advisory firm that specializes in investment advice, financial planning, and portfolio management. Based in Boca Raton, Florida, the firm has been in business since 2018 and is a fee-only registered investment advisory firm. This means that they are compensated solely by their clients and not by commissions or incentives from the sale of financial products, ensuring that their clients receive unbiased advice. The firm is dedicated to providing personalized financial planning services to both individuals and small businesses. They work closely with their clients to understand their unique financial goals and create tailored investment strategies that meet their needs. Their portfolio management services are also designed to help clients achieve their long-term financial objectives through effective asset allocation and risk management. At SKY ALPHA ASSET ADVISORS LLC, their team of investment professionals is committed to providing exceptional service and advice to their clients. With their expertise and deep industry knowledge, they help clients navigate the complexities of the financial markets, ensuring that they make informed investment decisions that align with their objectives. Overall, the firm is a trusted partner in the journey towards financial success.
SKY ALPHA ASSET ADVISORS LLC serves a diverse range of clients, including individuals and high net worth individuals. They cater to clients who require expert financial advice and investment management services. Their team comprises seasoned professionals with vast experience in managing portfolios and ensuring that clients' financial goals are achieved. The firm's approach to each client is unique, analyzing their risk tolerance, investment objectives, and financial resources to create customized investment plans that meet their unique needs. Regarding the fee structures available, SKY ALPHA ASSET ADVISORS LLC offers flexible options depending on the service provided. The percentage of AUM is a standard fee structure available, where clients pay a percentage of their total assets under management as a management fee. This fee structure ensures that the fees charged are in line with the client's investment success and value added. Performance-based fees are another option available which provides incentives for the investment managers to perform well. When their investment strategies yield high returns, the firm is rewarded by a percentage of the gains earned. Other types of fees, such as an hourly rate or flat fee, may be available depending on the service offered. The firm strives to offer their clients competitive and transparent fees and is always willing to negotiate to provide clients with a mutually beneficial arrangement.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for SKY ALPHA ASSET ADVISORS LLC does not mention any investment minimums. It is possible that they do not have any specific requirements for their clients' investment amounts. However, it is always best to contact the firm directly to inquire about any investment minimums or other requirements they may have.
How This Office Can Help Deerfield Beach, FL Residents
Sky Alpha Asset Advisors offers comprehensive financial planning and wealth management services to clients in Deerfield Beach, FL. With years of experience in the financial industry, their team of skilled professionals provide customized solutions to help individuals and families achieve their financial goals. Deerfield Beach, like many other Florida cities, has a large population of retirees and seniors who require specialized financial planning. Sky Alpha Asset Advisors takes into account the specific challenges faced by retirees such as managing healthcare costs, social security benefits, and taxation. Additionally, as a coastal town, Deerfield Beach residents may face challenges related to property insurance and hurricane preparedness. Sky Alpha Asset Advisors helps clients navigate these issues and create a personalized financial plan that takes their unique circumstances into account. Whether it's managing investments, planning for retirement, or protecting assets with insurance coverage, Sky Alpha Asset Advisors provides the expertise and guidance needed to help clients achieve financial stability and peace of mind.
Services Offered by Sky Alpha Asset Advisors LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Sky Alpha Asset Advisors LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Sky Alpha Asset Advisors LLC is registered to service clients in the following states:
- Florida
- New York
Disciplinary History
Sky Alpha Asset Advisors LLC does not have any disclosures. Please visit it's Form ADV for more details.