Ironwood Investment Counsel, LLC (Scottsdale)


Ironwood Investment Counsel, LLC is a large advisory firm based in Scottsdale. It manages $947.56 million of regulatory assets for 2,026 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Arizona, California, Colorado, and 16 other states.

Ironwood Investment Counsel provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ironwood Investment Counsel: assets under management

The assets under management (AUM) of Ironwood Investment Counsel, LLC is $947.56 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1676% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $947.56 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $467.7 thousand each.
Ironwood Investment Counsel has custody of $32.1 million in cash and securities for 27 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 36% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in state and local bonds form 22% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ironwood Investment Counsel, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Ironwood Investment Counsel 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 Ironwood Investment Counsel is high net worth individuals with 272 clients and $820.51 million of assets under management. Among the 11 most similar advisory firms, Ironwood Investment Counsel has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $943.92 million for 499 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.

Ironwood Investment Counsel doesn't advise any private funds.

Careers at Ironwood Investment Counsel, LLC

The company employs 12 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Paul Warren Alston Managing partner/chief compliance officer 1 Feb 2001 25% - 50% 4364085
Jeffrey Edward Shiffra Managing partner 1 Feb 2001 25% - 50% 3153541
Jeffrey Shiffra Managing director 1 Feb 2001 50% - 75% 3153541
Bruce Conklin Williams Partner 1 Feb 2003 25% - 50% 4524288
Bruce C. Williams Managing director 1 Feb 2003 Other 4524288
George Douglas Clark Managing director 1 Feb 2003 Other 831505
Matthew Jefferson Carter Partner 1 Dec 2005 25% - 50% 4541900

Based in Scottsdale

The principal office where Ironwood Investment Counsel, LLC performs its advisory services is located at 14646 N. Kierland Blvd, Scottsdale, AZ 85254 2762, 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 602-493-4042 or by fax 602-493-4045. The normal business hours are 7:30-4:30monday-thursday, 7:30-3:00friday on Monday - Friday. You can find more information about the New York firm at ironwoodic.com.