Financial Council Asset Management Inc is a large advisory firm based in Towson. It manages $494.01 million of regulatory assets for 1,031 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Delaware, District of Columbia, Florida, and 3 other states.
Financial Council Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Financial Council Asset Management Inc is $494.01 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 306% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Financial Council Asset Management Inc for their services and products based on a percentage of assets under management. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of William Michael Leeb is high net worth individuals with 152 clients and $283.96 million of assets under management. Among the 9 most similar advisory firms, Financial Council Asset Management has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $494.01 million for 860 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.
Financial Council Asset Management doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people 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.
William Michael Leeb has been acting as President since 1 Jul 1995. Howard William Leeb joined the executive team most recently as the Non Voting Owner.
The principal office where Financial Council Asset Management Inc performs its advisory services is located at 100 West Road, Towson, MD 21204, 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 410-821-9200 or by fax 410-821-5040. The normal business hours are 9:00a.m.-5:00p.m. on Monday - Friday.