Efp Advisors

EFP Advisors Inc., also known as McDaniel & Register Inc., R. Lenoir & Associates, W. O. Stone Advisors, and Collaborative Advice, is a Mississippi-based corporation established on February 8th, 2012. The firm specializes in fee-only investment advisory and financial planning services, with principal owners Douglas M. McDaniel and Christopher J. Register. They assist clients in coordinating and prioritizing their financial goals across various accounts, providing ongoing monitoring and advice. EFP offers initial financial planning services billed hourly or on a fixed fee basis, with subsequent retainer agreements available for wealth management services. The firm acts as a 3(21) fiduciary for pension consulting services, providing enrollment services, investment analysis, and other requested services without asset management discretion. EFP generally exercises discretionary authority over client funds, tailoring advice based on clients' risk tolerance and objectives. They offer diversified portfolios with investment recommendations including mutual funds, ETFs, equities, and fixed-income securities. EFP's fee structure includes wealth management retainer fees based on assets under management, with additional administrative fees and charges for client-directed trades. The firm's investment strategies focus on long-term and short-term purchases, emphasizing client risk tolerance and preferences. EFP does not charge performance-based fees or engage in side-by-side management, and they do not manage wrap fee programs. As of December 2023, the firm manages $282,777,676.00 of client assets on a discretionary basis.