Agili, P.C. (Richmond)

Name: Agili, P.C.
Address: 1806 Summit Avenue, Richmond, VA, 23230
Telephone: 804-358-2702

Agili, P.C. is a large advisory firm based in Richmond. It manages $649.56 million of regulatory assets for 1,580 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, and 6 other states.

Agili, P.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Agili, P.C: assets under management

The assets under management (AUM) of Agili, P.C. is $649.56 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $649.56 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $411.12 thousand each.

Agili, P.C has custody of $21.08 million in cash and securities for 4 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 41% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Agili, P.C. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Joyce serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Michael Joyce is high net worth individuals with 239 clients and $599.24 million of assets under management. Among the 8 most similar advisory firms, Agili, P.C has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $642.21 million for 305 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.

Agili, P.C also advises several private funds. Namely, one other private fund, one private equity fund, and one securitized asset fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Agili, P.C.

The company employs 21 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 4 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.

Michael Joyce has been acting as President since 1 Jan 1993. Jamie Lee Malone joined the executive team most recently as the Principal, Financial Strategist.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Joyce	President	1 Jan 1993	75% - 100%	1047470
Cynthia Joyce	Chief operating officer	1 Jan 2015	Other	6628648
Amber Ott	Chief compliance officer	1 Jan 2017	Other	6765056
Jamie Lee Malone	Principal, financial strategist	1 Jan 2018	Other	5823046
Marilee Anne Falco	Principal, financial strategist	1 Jan 2018	Other	3009182

Based in Richmond

The principal office where Agili, P.C. performs its advisory services is located at 1806 Summit Avenue, Richmond, VA 23230, which is also the mailing address of the firm. An additional office of the firm is in Bethlehem, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-358-2702 or by fax 804-358-9436. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at agilipersonalcfo.com.