Arax Advisory Partners
Assets Under Management
$2.8B
Number of Clients
2,692
Number of Advisors
77
Average Client AUM
$1.0M
AUM per Advisor
$36.4M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Arax Advisory Partners offers discretionary and non-discretionary portfolio management, third-party money manager selection, financial planning, hourly consultations, and expert witness services. They allocate client assets among various investment managers, mutual funds, ETFs, and individual securities. The firm also provides retirement plan consulting services to employer plan sponsors.
Fee Structure
Financial planning and consulting fees are either fixed per project, ranging from $10,000 to $500,000, or hourly, ranging from $195 to $425 per hour. The firm also recommends partnership interests in closed-end private equity funds, where investors generally pay a 10% profit participation after a return of contributed capital and a preferred return, plus an operations fee related to fund expenses. Investment management fees vary depending on the size and complexity of a client’s account and generally range from 0.50% to 2% per year.
Areas of Practice
Location
730 17th Street, Suite 107, Denver, CO, 80202