Closed End Fund Advisors Inc. is a large advisory firm based in Richmond. It manages $98.5 million of regulatory assets for 143 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Michigan, Virginia, and Washington.
Closed End Fund Advisors provides portfolio management for individuals and small businesses, publication of newsletters, security ratings or pricing services, and hourly/retainer research consulting. 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 Closed End Fund Advisors Inc. is $98.5 million. The firm's AUM has grown by 64% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Closed End Fund Advisors Inc. for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Subscribers pay a regular fee for the advisory firm’s newsletter or periodical. 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 Closed End Fund Advisors is high net worth individuals with 22 clients and $25.23 million of assets under management. Among the 9 most similar advisory firms, Closed End Fund Advisors has the 0th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $33.03 million for 80 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.
Closed End Fund Advisors doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.
The principal office where Closed End Fund Advisors Inc. performs its advisory services is located at 7204 Glen Forest Drive, Richmond, VA 23226, 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 804-288-2482 or by fax 866-313-3002. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at scottletter.com.