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Birks Financial Corp. (Herndon)


Birks Financial Corp. is a large advisory firm based in Herndon. It manages $103.21 million of regulatory assets for 253 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Virginia.

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Birks Financial Corp provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Birks Financial Corp: assets under management

The assets under management (AUM) of Birks Financial Corp. is $103.21 million. $186 thousand of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% 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 Birks Financial Corp. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Birks Financial Corp serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Birks Financial Corp is high net worth individuals with 36 clients and $83.25 million of assets under management. Among the 7 most similar advisory firms, Birks Financial Corp has the 4th highest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $103.21 million for 78 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Birks Financial Corp doesn't advise any private funds.

Careers at Birks Financial Corp.

The company employs 2 people that are either part- or full-time employees. 100 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.

Based in Herndon

The principal office where Birks Financial Corp. performs its advisory services is located at 431 A Carlisle Drive, Herndon, VA 20170 The mailing address of the firm is 21010 Southbank Street, Potomac Falls, VA 20165. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-481-6202 or by fax 703-659-9595. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at birksfinancial.com.


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