Acg Advisory Services Inc (Midlothian)

Name: Acg Advisory Services Inc
Address: 1640 Huguenot Road, Midlothian, VA, 23113
Telephone: 804-323-1886

Acg Advisory Services Inc is a large advisory firm based in Midlothian. It manages $602.95 million of regulatory assets for 277 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Louisiana, North Carolina, and 3 other states.

Acg Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Acg Advisory Services: assets under management

The assets under management (AUM) of Acg Advisory Services Inc is $602.95 million. The firm's AUM has grown by 1234% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $186.81 million in discretionary accounts and $416.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.07 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.04 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 89% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Acg Advisory Services Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Joseph Arthur Wiggins serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Joseph Arthur Wiggins is individuals with 153 clients and $389.41 million of assets under management. Among the 12 most similar advisory firms, Acg Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $602.95 million for 277 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 Advisory Services doesn't advise any private funds.

Careers at Acg Advisory Services Inc

The company employs 10 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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 don’t receive compensation from other entities for client referrals.

Joseph Arthur Wiggins has been acting as President since 1 Mar 1991. Marvin Brent Morse has served as the Chief Investment Officer since 1 Jul 1998. Joseph Saunders Wiggins joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Arthur Wiggins	Chairman	1 Mar 1991	50% - 75%	1490168
Joseph Saunders Wiggins	Chief compliance officer	1 Oct 1993	25% - 50%	1883058
Marvin Brent Morse	Chief investment officer	1 Jul 1998	Other	2413098
Joseph Saunders Wiggins	Cco	1 Dec 2016	75% - 100%	1883058

Based in Midlothian

The principal office where Acg Advisory Services Inc performs its advisory services is located at 1640 Huguenot Road, Midlothian, VA 23113, 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 804-323-1886 or by fax 804-323-1889. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at acgworldwide.com/.