Concordia Wealth Management, LLC (Concord)

Concordia Wealth Management, LLC is a large advisory firm based in Concord. It manages $144.18 million of regulatory assets for 117 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Massachusetts, New York, and Texas.

Concordia Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and family office services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Concordia Wealth Management: assets under management

The assets under management (AUM) of Concordia Wealth Management, LLC is $144.18 million. The firm's AUM has grown by 20% since the beginning of its operation, and $85.31 million of the total AUM is attributable to clients outside of the United States.

The firm manages $120.48 million in discretionary accounts and $23.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.23 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.25 million.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Concordia Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Concordia Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Concordia Wealth Management is high net worth individuals with 33 clients and $104.74 million of assets under management. Among the 11 most similar advisory firms, Concordia Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $144.18 million for 50 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 61% of the firm’s clients are foreign persons or businesses.

Concordia Wealth Management doesn't advise any private funds.

Careers at Concordia Wealth Management, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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
Robert Rodriguez	Managing member and chief compliance officer	1 May 2012	75% - 100%	2051214
Lauree A. Cameron Eckler	Managing director / chief compliance officer	1 May 2012	Other	5512288

Based in Concord

The principal office where Concordia Wealth Management, LLC performs its advisory services is located at 37 Main Street, Concord, MA 01742, 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 978-371-7044 or by fax 978-208-2165. The normal business hours are 9:00am - 6:00pm on Monday - Friday.