Amj Financial Wealth Management LLC (Leesburg)

Name: Amj Financial Wealth Management LLC
Address: 44160 Scholar Plaza, Leesburg, VA, 20176
Telephone: 703-466-0477

Amj Financial Wealth Management LLC is a large advisory firm based in Leesburg. It manages $122.43 million of regulatory assets for 781 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Maryland, and 4 other states.

Amj Financial Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as name used for brokerage business.

Amj Financial Wealth Management: assets under management

The assets under management (AUM) of Amj Financial Wealth Management LLC is $122.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 13% since the beginning of its operation, and $346.41 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $122.43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $156.76 thousand each.

Amj Financial Wealth Management has custody of $10.98 million in cash and securities for 40 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 19% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Amj Financial Wealth Management LLC 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 Amj Financial Wealth Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Amj Financial Wealth Management is high net worth individuals with 55 clients and $73.43 million of assets under management. Among the 12 most similar advisory firms, Amj Financial Wealth Management has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $121.69 million for 251 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Amj Financial Wealth Management doesn't advise any private funds.

Careers at Amj Financial Wealth Management LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Angela Mullis Bender	Managing member, chief compliance officer	1 Feb 2012	50% - 75%	5208180
Brett Douglas Bender	Member, chief financial officer, chief operating officer	1 Feb 2012	25% - 50%	6044801

Based in Leesburg

The principal office where Amj Financial Wealth Management LLC performs its advisory services is located at 44160 Scholar Plaza, Leesburg, VA 20176, 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 703-466-0477 or by fax 703-723-8890. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at amjfinancial.com.