Acg Wealth, Inc. (Atlanta)

Name: Acg Wealth, Inc.
Address: 3333 Piedmont Rd., Atlanta, GA, 30305
Telephone: 404-893-4100

Acg Wealth, Inc. is a large advisory firm based in Atlanta. It manages $1.12 billion of regulatory assets for 2,686 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Arkansas, California, and 21 other states.

Acg Wealth 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 doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Acg Wealth: assets under management

The assets under management (AUM) of Acg Wealth, Inc. is $1.12 billion. The firm's AUM has gone down by -19% since the beginning of its operation, and $20.54 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.09 billion in discretionary accounts and $26.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $420.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $273.86 thousand.

Acg Wealth has custody of $379.34 million in cash and securities for 596 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Acg Wealth is high net worth individuals with 313 clients and $839.46 million of assets under management. Among the 7 most similar advisory firms, Acg Wealth has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.1 billion for 1,199 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.

Acg Wealth doesn't advise any private funds.

Careers at Acg Wealth, Inc.

The company employs 40 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 30 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.

Acg Wealth, Inc. is owned by Jeffrey Tyler Shaver. Gregory Fink joined the executive team most recently as the President & Ceo.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Tyler Shaver	Owner	1 Jun 2009	25% - 50%	2675592
Joseph Paul Young	Owner	1 Jun 2009	25% - 50%	4068656
David Yancey Millican	Owner	1 Apr 2015	25% - 50%	2788060
Jennifer Ford Deloach	Chief compliance officer	1 Sep 2015	Other	4021337
Gregory Fink	President & ceo	1 Jun 2017	Other	2195634

Based in Atlanta

The principal office where Acg Wealth, Inc. performs its advisory services is located at 3333 Piedmont Rd., Atlanta, GA 30305, which is also the mailing address of the firm. An additional office of the firm is in St. Simons Island, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 404-893-4100 or by fax 404-991-7070. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at atlantacapitalgroup.com.