James J. Burns & Company, LLC (Melville)


James J. Burns & Company, LLC is a large advisory firm based in Melville. It manages $360.21 million of regulatory assets for 1,097 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Connecticut, Florida, and 6 other states.

James J. Burns & Company provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

James J. Burns & Company: assets under management

The assets under management (AUM) of James J. Burns & Company, LLC is $360.21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 263% since the beginning of its operation, and $140 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $360.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $328.36 thousand each.
James J. Burns & Company has custody of $66.03 million in cash and securities for 191 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 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay James J. Burns & Company, LLC for their services and products based on a percentage of assets under management 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 James J. Burns & Company serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of James J. Burns & Company is high net worth individuals with 80 clients and $245.71 million of assets under management. Among the 10 most similar advisory firms, James J. Burns & Company has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $360.21 million for 316 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

James J. Burns & Company doesn't advise any private funds.

Careers at James J. Burns & Company, LLC

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. No 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 compensates 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
James Joseph Burns Chief compliance officer and equity owner 1 Apr 2006 75% - 100% 1746094

Based in Melville

The principal office where James J. Burns & Company, LLC performs its advisory services is located at 225 Broadhollow Road, Melville, NY 11747, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 631-390-0500 or by fax 631-420-4757. The normal business hours are 9:00a.m.-5:00p.m. on Monday - Friday.