Accordant Advisory Group, Inc. (Fairfax)

Name: Accordant Advisory Group, Inc.
Address: 4035 Ridge Top Rd, Fairfax, VA, 22030 7403
Telephone: 703-218-3737

Accordant Advisory Group, Inc. is a large advisory firm based in Fairfax. It manages $101.96 million of regulatory assets for 373 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Maryland, Texas, and Virginia.

Accordant Advisory Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Accordant Advisory Group: assets under management

The assets under management (AUM) of Accordant Advisory Group, Inc. is $101.96 million. The firm's AUM has grown by 15% since the beginning of its operation, and $259.9 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $94.14 million in discretionary accounts and $7.82 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $261.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $601.7 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Accordant Advisory Group, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Accordant Advisory Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Accordant Advisory Group is high net worth individuals with 49 clients and $57.56 million of assets under management. Among the 9 most similar advisory firms, Accordant Advisory Group has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $101.96 million for 201 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.

Accordant Advisory Group doesn't advise any private funds.

Careers at Accordant Advisory Group, Inc.

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
David Ritchie Mckee	President, chief compliance officer	1 Oct 2000	25% - 50%	2512331
Joseph Michael English	Shareholder	1 Oct 2000	Other	4487270
Thomas Edward Burdette	Shareholder	1 Oct 2000	25% - 50%	4487273
Erin Michele Smith	Shareholder	1 Jun 2019	Other	4275977

Based in Fairfax

The principal office where Accordant Advisory Group, Inc. performs its advisory services is located at 4035 Ridge Top Rd, Fairfax, VA 22030 7403, 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 703-218-3737 or by fax 703-783-8733. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at planaccordingly.com/.