Financial Services Advisory Inc (Rockville)

Name: Financial Services Advisory Inc
Address: One Church Street, Rockville, MD, 20850
Telephone: 301-949-7300

Financial Services Advisory Inc is a large advisory firm based in Rockville. It manages $600.12 million of regulatory assets for 1,913 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of California, Colorado, Delaware, and 22 other states.

Financial Services Advisory provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Services Advisory: assets under management

The assets under management (AUM) of Financial Services Advisory Inc is $600.12 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 139% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $600.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $313.71 thousand each.

Financial Services Advisory has custody of $31.06 million in cash and securities for 81 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 74% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Services Advisory Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Ronald Petersen serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David Ronald Petersen is high net worth individuals with 159 clients and $409.32 million of assets under management. Among the 5 most similar advisory firms, Financial Services Advisory has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $600.12 million for 744 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.

Financial Services Advisory doesn't advise any private funds.

Careers at Financial Services Advisory Inc

The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 7 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.

David Ronald Petersen has been acting as President since 1 Feb 1982. James Edward Joseph joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Ronald Petersen	Chief compliance officer/president	1 Feb 1982	75% - 100%	716333
Donald William Knuth	Vice president	1 Jun 1986	Other	1849713
Terri Lynn Petersen	Sec/trea.	1 Apr 1990	Other	4333474
Karen Patricia Schaeffer	Vice president	1 Aug 1991	Other	4297132
Virginia Lyons Moss	Cco, dir of finance	1 Mar 2006	Other	5120642
Karen Patricia Schaeffer	Acting/interim president	1 May 2007	Other	705691
James Edward Joseph	Vice president	1 Oct 2007	Other	2943563
David Ronald Petersen	Founding partner & chief compliance officer	1 Dec 2016	75% - 100%	716333
James Edward Joseph	President	1 Dec 2016	Other	2943563

Based in Rockville

The principal office where Financial Services Advisory Inc performs its advisory services is located at One Church Street, Rockville, MD 20850, which is also the mailing address of the firm. An additional office of the firm is in Fort Myers, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 301-949-7300 or by fax 301-949-7034. 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 fsainvest.com and its LinkedIn profile.