The Financial Consulate, Inc (Hunt Valley)

Name: The Financial Consulate, Inc
Address: 201 International Circle, Hunt Valley, MD, 21030
Telephone: 410-823-7283

The Financial Consulate, Inc is a large advisory firm based in Hunt Valley. It manages $415.47 million of regulatory assets for 2,637 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Delaware, Florida, and 9 other states.

The Financial Consulate provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, educational seminars and workshops, and tax, accounting & estate advisory. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Financial Consulate: assets under management

The assets under management (AUM) of The Financial Consulate, Inc is $415.47 million. The firm's AUM has grown by 665% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $407.8 million in discretionary accounts and $7.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $155.06 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.1 million.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Financial Consulate, Inc for their services and products based on a percentage of assets under management, hourly charges, 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 Andrew Vincent Tignanelli serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Andrew Vincent Tignanelli is individuals with 841 clients and $216.91 million of assets under management. Among the 10 most similar advisory firms, The Financial Consulate has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $415.47 million for 951 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.

The Financial Consulate doesn't advise any private funds.

Careers at The Financial Consulate, Inc

The company employs 21 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 10 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.

Andrew Vincent Tignanelli has been acting as President since 1 Jan 1984. Thomas Vincent Bonvissuto has served as the Chief Investment Officer since 1 Sep 2013. Michael Patrick Mccarthy joined the executive team most recently as the Chief Operating Officer / Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Vincent Tignanelli	President	1 Jan 1984	75% - 100%	868434
Beverly J Tignanelli	Secretary	1 Jan 2003	Other	2294471
Beverly Jean Tignanelli	Secretary	1 Jan 2003	Other	2294471
Andrew Vincent Tignanelli	Chief compliance officer	1 Jan 2005	75% - 100%	868434
Robert Wayne Hayden	Chief operation officer	1 Aug 2005	Other	1221439
Robert Wayne Hayden	Secretary	1 Nov 2005	Other	1221439
Suzanne Hendrika Hall	Vp/principal	1 Mar 2006	Other	1864158
Robert Wayne Hayden	Chief compliance officer	1 Apr 2006	Other	1221439
Charles Bender	Chief financial officer	1 May 2006	Other	5835396
Timothy James Maurer	Vice president	1 Jan 2007	Other	3061298
Michael Patrick Mccarthy	Chief operating officer / chief compliance officer	1 Jul 2010	Other	5835406
Thomas Vincent Bonvissuto	Chief investment officer	1 Sep 2013	Other	2656688

Based in Hunt Valley

The principal office where The Financial Consulate, Inc performs its advisory services is located at 201 International Circle, Hunt Valley, MD 21030, which is also the mailing address of the firm. An additional office of the firm is in Gettysburg, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-823-7283 or by fax 410-771-3006. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at financialconsulate.com.