Arrow Wealth Advisory LLC (Charlottesville)

Arrow Wealth Advisory LLC is a large advisory firm based in Charlottesville. It manages $104.73 million of regulatory assets for 28 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of New York and Virginia.

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

Arrow Wealth Advisory: assets under management

The assets under management (AUM) of Arrow Wealth Advisory LLC is $104.73 million. The firm's AUM has grown by 54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $25.58 million in discretionary accounts and $79.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.84 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.17 million.

Investments

The firm invests in investment and business development companies the most. They account for 40% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in pooled investment vehicles form 21% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Arrow Wealth Advisory LLC for their services and products based on 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 Arrow Wealth Advisory serves?

The only and largest group of clients of Arrow Wealth Advisory is high net worth individuals with 6 clients and $56.53 million of assets under management. Among the 9 most similar advisory firms, Arrow Wealth Advisory has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $56.53 million for 6 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.

Arrow Wealth Advisory doesn't advise any private funds.

Careers at Arrow Wealth Advisory LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Edward Joseph Finley	Managing member & chief compliance officer	1 Apr 2018	75% - 100%	5451245

Based in Charlottesville

The principal office where Arrow Wealth Advisory LLC performs its advisory services is located at 3622 Blandemar Drive, Charlottesville, VA 22903, 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 212-997-9697 or by fax N/A. The normal business hours are not applicable - office visits by appointment only on Other.