Bogart Wealth, LLC (Mclean)

Name: Bogart Wealth, LLC
Address: 2010 Corporate Ridge, Mclean, VA, 22102
Telephone: (703) 570-8651

Bogart Wealth, LLC is a large advisory firm based in Mclean. It manages $748.14 million of regulatory assets for 2,200 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 13 other states.

Bogart Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bogart Wealth: assets under management

The assets under management (AUM) of Bogart Wealth, LLC is $748.14 million. The firm's AUM has grown by 70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $517.27 million in discretionary accounts and $230.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $457.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $215.96 thousand.

Bogart Wealth has custody of $16.54 million in cash and securities for 31 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 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 44% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Bogart Wealth, LLC 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 Bogart Wealth serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Bogart Wealth is high net worth individuals with 279 clients and $681.12 million of assets under management. Among the 10 most similar advisory firms, Bogart Wealth has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $748.14 million for 616 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.

Bogart Wealth doesn't advise any private funds.

Careers at Bogart Wealth, LLC

The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 5 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
James Edward Bogart	Chief compliance officer and managing member	1 Jun 2016	50% - 75%	5349230
Brian John Bogart	Member	1 Jun 2016	50% - 75%	1186538
Michelle Anne Dubay	Director of operations	1 Jun 2016	Other	2827801

Based in Mclean

The principal office where Bogart Wealth, LLC performs its advisory services is located at 2010 Corporate Ridge, Mclean, VA 22102, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (703) 570-8651 or by fax (703) 783-2344. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at bogartwealth.com..