Uwharrie Investment Advisors, Inc. (Albemarle)

Name: Uwharrie Investment Advisors, Inc.
Address: 132 North First Street, Albemarle, NC, 28001
Telephone: 704-983-5959

Uwharrie Investment Advisors, Inc. is a large advisory firm based in Albemarle. It manages $136.51 million of regulatory assets for 588 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Louisiana, North Carolina, South Carolina, and Texas.

Uwharrie Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Uwharrie Investment Advisors: assets under management

The assets under management (AUM) of Uwharrie Investment Advisors, Inc. is $136.51 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $136.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $232.16 thousand each.

Uwharrie Investment Advisors has custody of $12.91 million in cash and securities for 50 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Uwharrie Investment Advisors, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Christy Davis Stoner serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Christy Davis Stoner is individuals with 345 clients and $76.95 million of assets under management. Among the 9 most similar advisory firms, Uwharrie Investment Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $134.6 million for 399 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.

Uwharrie Investment Advisors doesn't advise any private funds.

Careers at Uwharrie Investment Advisors, Inc.

The company employs 15 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Christy Davis Stoner has been acting as President since 1 Feb 1991. David C. Gaskin joined the executive team most recently as the Executive Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christy Davis Stoner	Ceo/cco/ic/director	1 Feb 1991	Other	1932795
Martha Nan Obrien	Svp operations/chief compliance officer/ic	1 Sep 1995	Other	2422646
Roger Lee Dick	Invest comm	1 Feb 1996	Other	1639662
Uwharrie Capital Corp	100% owner	1 Mar 1999	75% - 100%	56-1814206
Lorelei Virginia Misenheimer	Evp	1 Apr 2005	Other	2674305
Misty Whitley Thornburg	Avp/data manager/ic	1 Jun 2005	Other	4203345
Jeffrey Michael Talley	President/invest comm	1 Jan 2008	Other	3085499
David C. Gaskin	Executive vice president	1 Apr 2012	Other	4338784

Based in Albemarle

The principal office where Uwharrie Investment Advisors, Inc. performs its advisory services is located at 132 North First Street, Albemarle, NC 28001 The mailing address of the firm is P.O. Box 1517, Albemarle, NC 28002. An additional office of the firm is in Locust, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-983-5959 or by fax 704-982-4520. The normal business hours are 8:15 - 5:00 on Monday - Friday. You can find more information about the New York firm at uwharrie.com.