Essex Financial Services, Inc.

RIASEC RegisteredEst. 2003

Total AUM

$4.2B

Discretionary

$3.2B

78% of AUM

Avg account

$584K

Accounts

7,143

Employees

Advisory reps

Firm details

Headquarters: Essex, Connecticut
CRD number: 127549
Registered since: August 7, 2003
Website: www.essex.financial
Custodians: FIDELITY DISTRIBUTORS COMPANY LLC, PERSHING LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees
Client types: HNWI68.84%
Individuals13.93%
Pension & Profit Sharing Plans13.56%
Charitable Organizations2.5%
Corporations / Businesses1.04%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Essex Financial Services, Inc. is an independent registered investment adviser formed in 2003 that serves both high-net-worth individuals and institutional clients. The firm operates as a capital allocator and offers a mix of portfolio management and planning services for individuals, small businesses, and institutional accounts. Its service set includes financial planning, pension consulting, selection of other advisers, and it also acts as an insurance broker. Essex bills clients via asset-based fees as well as hourly and fixed-fee arrangements. The firm reports it is not an active ESG investor and is not structured as a multi-state adviser. It maintains an industry affiliation with banking or thrift institutions. Essex has been recognized in Forbes’ lists of top RIA firms in 2022, 2023, and 2024.