Asset Strategy Consultants LLC (Hunt Valley)


Asset Strategy Consultants LLC is a large advisory firm based in Hunt Valley. It manages $9.52 billion of regulatory assets for 71 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of District of Columbia, Maryland, Massachusetts, and 4 other states.

Asset Strategy Consultants provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Asset Strategy Consultants: assets under management

The assets under management (AUM) of Asset Strategy Consultants LLC is $9.52 billion. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $26.57 million in discretionary accounts and $9.49 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.86 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $139.56 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Asset Strategy Consultants LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Asset Strategy Consultants serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Asset Strategy Consultants is charitable organizations with 29 clients and $4.45 billion of assets under management. Among the 10 most similar advisory firms, Asset Strategy Consultants has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $9.52 billion for 71 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.

Asset Strategy Consultants doesn't advise any private funds.

Careers at Asset Strategy Consultants LLC

The company employs 24 people that are either part- or full-time employees. 79 percent of the employees work as investment advisers or researchers. 11 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
Alfred James Morrison Managing member & chief compliance officer 1 Jul 1992 25% - 50% 1361862
Charles Edward Herget Member 1 Jul 1993 50% - 75% 243636
Charles Edward Jr. Herget Principal 1 Jul 1993 50% - 75% xxx-xx-xxxx
John Francis Meehan Member & director of research 1 Sep 2007 Other 5427246
David Elwood Saunders Principal 1 Jul 2017 Other 4368980
Robert Graff Merrick Principal 1 Jul 2017 Other 1164397

Based in Hunt Valley

The principal office where Asset Strategy Consultants LLC performs its advisory services is located at Six North Park Drive, Hunt Valley, MD 21030, which is also the mailing address of the firm. An additional office of the firm is in Mt Pleasant, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-528-8282 or by fax 410-528-8305. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at assetstrategyconsultants.com.