AFA Advisors LLC offers investment advice to various clients, managing each account separately. After discussing investment objectives, AFA makes decisions on asset allocation, security selection, and trading. AFA manages portfolios on a discretionary basis and does not participate in wrap fee programs. They offer advice on equity securities, warrants, debt securities, municipal securities, ETFs, synthetic securities, mutual funds, U.S. Government securities and options.
Fee Structure
AFA Advisors LLC charges an annual management fee for managing your investments, payable quarterly. For equity portfolios, the fee ranges from 1% to 1.5% of the account value. For balanced accounts (equity and fixed income), the fee ranges from 0.75% to 1.25% of the account value. The fee depends on the investment strategy and the amount of assets managed. AFA may also charge a fixed fee between $3,000 and $40,000 depending on the client's complexity.