ALPha Omega Group, Inc. (Great Falls)

Name: ALPha Omega Group, Inc.
Address: 10130 E Colvin Run Road, Great Falls, VA, 22066
Telephone: 703-757-8020

ALPha Omega Group, Inc. is a large advisory firm based in Great Falls. It manages $227.2 million of regulatory assets for 1,402 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, District of Columbia, Florida, Maryland, and Virginia.

ALPha Omega Group provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

ALPha Omega Group: assets under management

The assets under management (AUM) of ALPha Omega Group, Inc. is $227.2 million. The firm's AUM has grown by 73% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $175.63 million in discretionary accounts and $51.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.03 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $82.52 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 30% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay ALPha Omega Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients ALPha Omega Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of ALPha Omega Group is high net worth individuals with 72 clients and $157.81 million of assets under management. Among the 12 most similar advisory firms, ALPha Omega Group has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $227.2 million for 301 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

ALPha Omega Group doesn't advise any private funds.

Careers at ALPha Omega Group, Inc.

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frederick Peter Baerenz	President, chief compliance officer	1 May 2000	50% - 75%	2388453
Sheila C Baerenz	Vice president	1 May 2000	50% - 75%	4590130
Karen Ann Klenk	Secretary/treasurer	1 Mar 2010	Other	5667980
James Thomas Ortlip	Vice president	1 Mar 2011	Other	4174290
Frederick Peter Baerenz Revocable Trust	Shareholder	1 Mar 2017	75% - 100%	xxx-xx-xxxx
David Scott Sweat	Shareholder	1 Mar 2017	Other	5502379
Michelle Lauren Whitlock	Shareholder	1 Mar 2017	Other	5667988

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Frederick Peter Baerenz	Trustee	1 Mar 2017	Other	2388453

Based in Great Falls

The principal office where ALPha Omega Group, Inc. performs its advisory services is located at 10130 E Colvin Run Road, Great Falls, VA 22066, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-757-8020 or by fax 703-757-8022. The normal business hours are 8 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at aogwealth.com.