Old Dominion Capital Management Inc. (Charlottesville)

Name: Old Dominion Capital Management Inc.
Address: 200 Garrett Street, Charlottesville, VA, 22902
Telephone: 434-977-1550

Old Dominion Capital Management Inc. is a large advisory firm based in Charlottesville. It manages $748.6 million of regulatory assets for 1,165 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, District of Columbia, Florida, and 9 other states.

Old Dominion Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Old Dominion Capital Management: assets under management

The assets under management (AUM) of Old Dominion Capital Management Inc. is $748.6 million. The firm's AUM has grown by 340% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $744.67 million in discretionary accounts and $3.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $645.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $327.12 thousand.

Old Dominion Capital Management has custody of $178.65 million in cash and securities for 113 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in investment grade corporate bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Old Dominion Capital Management Inc. for their services and products based on a percentage of assets under management 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 Old Dominion Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Old Dominion Capital Management is high net worth individuals with 181 clients and $522.13 million of assets under management. Among the 10 most similar advisory firms, Old Dominion Capital Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $675.46 million for 446 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.

Old Dominion Capital Management doesn't advise any private funds.

Careers at Old Dominion Capital Management Inc.

The company employs 12 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
James Michael Childress	Managing director / member board of directors	1 Jan 1989	Other	1170910
Mark Armistead Thomas	Managing director / member board of directors	1 Jan 1989	Other	1353980
Mauree L Barrett	Chief compliance officer	1 Jan 2008	Other	4551193
Union Bank & Trust	Corporation	1 May 2016	75% - 100%	54-1598552
Rob Gorman	Member board of directors	1 May 2016	Other	6670681
David Bilko	Member board of directors	1 May 2016	Other	6670697
Robert Preston Martin	Member board of directors	1 May 2016	Other	4539274
Jesse Thompson Ellington	Member board of directors	1 May 2016	Other	4896866
Jeffrey W. Farrar	Member board of directors	1 May 2016	Other	6670652
Atlantic Union Bank	Corporation	1 May 2016	75% - 100%	54-1598552
Jessica Dawn Heneberry	Co-managing director	1 Mar 2018	Other	1264360
Benjamin Joseph Peress	Regional managing director / chief investment officer	1 Jul 2018	Other	1802030

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Union Bankshares Corporation	Corporation	1 Jul 1993	75% - 100%	54-1598552
Atlantic Union Bankshares Corporation	Corporation	1 Jul 1993	75% - 100%	54-1598552

Based in Charlottesville

The principal office where Old Dominion Capital Management Inc. performs its advisory services is located at 200 Garrett Street, Charlottesville, VA 22902, which is also the mailing address of the firm. An additional office of the firm is in Mclean, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 434-977-1550 or by fax 434-977-8431. The normal business hours are 9:00am to 4:00pm on Monday - Friday. You can find more information about the New York firm at odcm.com.