Glass Jacobson Investment Advisors, LLC (Owings Mills)


Glass Jacobson Investment Advisors, LLC is a large advisory firm based in Owings Mills. It manages $401.07 million of regulatory assets for 1,131 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, District of Columbia, Florida, and 7 other states.

Glass Jacobson Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm also engages as educational materials.

Glass Jacobson Investment Advisors: assets under management

The assets under management (AUM) of Glass Jacobson Investment Advisors, LLC is $401.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 177% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $401.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $354.62 thousand each.
Glass Jacobson Investment Advisors has custody of $101.27 million in cash and securities for 173 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 77% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Glass Jacobson Investment Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Glass Jacobson Investment Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Glass Jacobson Investment Advisors is high net worth individuals with 112 clients and $267.04 million of assets under management. Among the 8 most similar advisory firms, Glass Jacobson Investment Advisors has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $401.07 million for 424 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.

Glass Jacobson Investment Advisors doesn't advise any private funds.

Careers at Glass Jacobson Investment Advisors, LLC

The company employs 14 people that are either part- or full-time employees. 93 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Michael Wayne Cohen Managing member 1 Jan 2000 Other 2828880
Edward Joel Jacobson Managing member 1 Jan 2000 Other 3099582
Jeffrey Evan Davis Member 1 Nov 2002 25% - 50% 4611310
Steven Scott Levine Member 1 Jun 2004 25% - 50% 4823891
Jonathan Shuford Dinkins Managing member/chief compliance officer 1 Sep 2004 Other 2534809
Bart William Scheffel Member 1 Nov 2004 Other 4882696
Steven Glenn Albert Member 1 Mar 2006 Other 5117252

Based in Owings Mills

The principal office where Glass Jacobson Investment Advisors, LLC performs its advisory services is located at 10711 Red Run Blvd., Suite 101, Owings Mills, MD 21117 The mailing address of the firm is 800 King Farm Blvd., Rockville, MD 20850. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-356-1000 or by fax 410-356-2892. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at twitter.com/glassjacobson?lang=en.