Coral Reef Advisors is a registered investment advisor based in Ponte Vedra Beach, Florida, founded in 2023. Led by Thomas Boyd and James Richard, Coral Reef Advisors manages investment portfolios for individuals, high-net-worth individuals, trusts, estates, and business entities. The firm focuses on custom portfolio management using a tactical allocation strategy designed to reduce risk and enhance performance. Coral Reef Advisors employs fundamental and technical analysis, utilizing a wide range of securities including stocks, bonds, mutual funds, exchange-traded products, options, and variable insurance products. The firm manages client portfolios on an authority basis without requiring prior approval for individual trades, executing transactions primarily through Charles Schwab & Co., Inc. In addition to investment management, certain representatives are licensed as insurance agents and registered representatives through a separate broker-dealer, allowing them to offer commission-based insurance and securities products.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.0M | 1.25% |
| $2.0M - $5.0M | 1.00% |
| $5.0M - $10.0M | 0.80% |
| $10M+ | 0.70% |
Fees are calculated on a blended tier schedule and may be negotiated at the sole discretion of Coral Reef Advisors.