Valic Financial Advisors, Inc. (Houston)
Valic Financial Advisors, Inc. is a large advisory firm based in Houston. It manages $17.63 billion of regulatory assets for 377,404 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Valic Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and recommend wrap accounts to clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
Valic Financial Advisors: assets under management
The assets under management (AUM) of Valic Financial Advisors, Inc. is $17.63 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 25238% since the beginning of its operation, and $5.99 million of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in other assets the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 40% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Valic Financial Advisors, Inc. for their services and products based on a percentage of assets under management 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 Evelyn Mary Curran serves?
The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, business development companies, and corporations or other businesses. The largest group of clients of Evelyn Mary Curran is individuals with 309,010 clients and $17.11 billion of assets under management. Among the 9 most similar advisory firms, Valic Financial Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $17.63 billion for 309,396 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.
Valic Financial Advisors doesn't advise any private funds.
Careers at Valic Financial Advisors, Inc.
The company employs 2,115 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 1,358 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 receive compensation from other entities for client referrals.
Evelyn Mary Curran has been acting as President since 1 Dec 2005. Mark Jonathan Happe joined the executive team most recently as the Chief Compliance Officer.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 13 indirect owners.Based in Houston
The principal office where Valic Financial Advisors, Inc. performs its advisory services is located at 2929 Allen Pkwy; L7 20, Houston, TX 77019, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 866-544-4968 or by fax 713-831-2405. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at valic.com.
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