Financial Council Asset Management Inc (Towson)

Financial Council Asset Management Inc is a large advisory firm based in Towson. It manages $494.01 million of regulatory assets for 1,031 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Delaware, District of Columbia, Florida, and 3 other states.

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

Financial Council Asset Management: assets under management

The assets under management (AUM) of Financial Council Asset Management Inc is $494.01 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 306% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $494.01 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $479.16 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Financial Council Asset Management Inc for their services and products based on a percentage of assets under management. 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 William Michael Leeb serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of William Michael Leeb is high net worth individuals with 152 clients and $283.96 million of assets under management. Among the 9 most similar advisory firms, Financial Council Asset Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $494.01 million for 860 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.

Financial Council Asset Management doesn't advise any private funds.

Careers at Financial Council Asset Management Inc

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

William Michael Leeb has been acting as President since 1 Jul 1995. Howard William Leeb joined the executive team most recently as the Non Voting Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Kimberley Traub	V.p./c.o.o. /chief compliance officer /co-owner	1 Jul 1995	25% - 50%	2285442
William Michael Leeb	President/c.i.o.- co/owner	1 Jul 1995	25% - 50%	731563
Stephen Cornbrooks	V.p./c.f.o.- co-owner	1 Jul 1995	25% - 50%	2429666

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Howard William Leeb	Non-voting owner	1 Sep 2000	25% - 50%	305546

Based in Towson

The principal office where Financial Council Asset Management Inc performs its advisory services is located at 100 West Road, Towson, MD 21204, 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 410-821-9200 or by fax 410-821-5040. The normal business hours are 9:00a.m.-5:00p.m. on Monday - Friday.