Financial Symmetry Incorporated (Raleigh)

Name: Financial Symmetry Incorporated
Address: 1511 Sunday Dr, Raleigh, NC, 27607
Telephone: 919-851-8200

Financial Symmetry Incorporated is a large advisory firm based in Raleigh. It manages $447.44 million of regulatory assets for 2,873 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, North Carolina, and Texas.

Financial Symmetry Incorporated provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Symmetry Incorporated: assets under management

The assets under management (AUM) of Financial Symmetry Incorporated is $447.44 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 $7.99 million in discretionary accounts and $439.44 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $235.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $154.79 thousand.

Financial Symmetry Incorporated has custody of $673.38 thousand in cash and securities for 44 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Symmetry Incorporated 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 Financial Symmetry Incorporated serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Financial Symmetry Incorporated is high net worth individuals with 165 clients and $292.88 million of assets under management. Among the 7 most similar advisory firms, Financial Symmetry Incorporated has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $445.8 million for 496 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 Symmetry Incorporated doesn't advise any private funds.

Careers at Financial Symmetry Incorporated

The company employs 14 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 8 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
William Alexander Ramsay	President- chief compliance officer	1 Jun 2001	75% - 100%	1382488
Micheal C Smith	Principal	1 Apr 2006	Other	4647168
Allison Marie Berger	Principal	1 Jan 2008	Other	4996474
William Douglas Holt	Principal	1 Nov 2009	Other	4024019
Heather Sue Gudac	Secretary	1 Apr 2014	Other	6470470
Michael Barry Eklund	Principal	1 Mar 2015	Other	4581511
Cameron Hill Hendricks	Principal	1 Apr 2016	Other	6470381
Grace Rooth Kvantas	Principal	1 Jan 2019	Other	4977868

Based in Raleigh

The principal office where Financial Symmetry Incorporated performs its advisory services is located at 1511 Sunday Dr, Raleigh, NC 27607, 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 919-851-8200 or by fax 888-494-7878. The normal business hours are 9:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at financialsymmetry.com and its LinkedIn profile.