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Business Description |
| Mt. Vernon Associates is an employee-owned investment advisory firm which manages client portfolios on a discretionary basis. Our firm provides security selection and portfolio management via our unique top-down perspective and value-based proprietary research. Around this Core of each client's portfolio we add in managed products (mutual funds and ETF's) to provide diversification across asset classes. |
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General Information |
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| States Willing to do Business in: |
All
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| Years of Experience in Financial Services: |
20
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| Number of Years with Current Firm: |
3
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| Work Experience: |
Over 20 years as a security analyst and portfolio manager.
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| I work with the following types of clients: |
Non-Profit Organizations, Individual Investors, Businesses
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Education |
| Academic Background |
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BA, The College of William and Mary
MBA, The College of William and Mary |
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Services |
| Investment Types: |
Exchange Traded Funds (ETFs), Alternative Investments, Mutual Funds, Commodities, Stocks, Bonds
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
Chartered Financial Analyst (CFA)
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| Financial Organization Memberships: |
CFA Institute
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| Non-Financial Organization Memberships: |
Vestry, Investment and Stewardship Committes of St. John's Episcopal Church, Alumni Association of The College of William and Mary, and Glenelg Country School Parent's Association.
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| I work with clients as part of a team: |
Yes
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| Firm's Number of Clients: |
100+
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| Firm's Number of Managed Clients: |
100+
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| Assets Managed by Firm: |
$250 million
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| Advisor's Number of Clients: |
25
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| Advisor's Number of Managed Clients: |
25
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| Assets Managed by Advisor: |
$20 million
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Compliance |
| Registered Investment Advisor: |
Yes
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| I am an acknowledged fiduciary: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-only financial professional: |
Yes
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| I am a fee-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$250,000
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| Compensation Methods: |
Based on Assets, Flat Fee
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| Fee % Based on Assets: |
1%
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| Minimum Fee Charged for Managed Accounts: |
$2500/year
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| Prepared By: |
J. Jordan Schlick |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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Client satisfaction is very important to us and have had just two clients leave over the last two years. For clients that do wish to leave, we refund all fees on a pro-rated basis determined by the number of days left in the quarter (we charge fees at the beginning of each quarter). |
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| Q. |
What services do you provide? What are your specialties? |
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We provide investment management of taxable and non-taxable portolios for individuals, businesses, non-profit organizations, and trusts. We are analyze and select individual securities, mutual funds and ETFs (exchange traded funds) to construct portfolios that match your risk tolerance and investment goals. |
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| Q. |
What is your experience? How many clients do you currently manage? |
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I have over 20 years of experience and manage approximately 20 client relationships. |
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| Q. |
What financial institution(s) do you represent? |
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We are a 100% employee-owned Registered Investment Advisory (RIA) firm and are not owned nor represent any other firm's interests. We are registered with the SEC (www.SEC.gov) and are therefore fiduciaries, placing your interests ahead of ours at all times. |
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How do you charge for your services? |
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We charge a minimum fee of $2500 annually, or for accounts over $250,000 in size, we charge a sliding fee scale, beginning at 1% per annum and charged quarterly in advance. |
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Do you provide a free initial consultation? |
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Yes we do. We view the initial consultation as chance to further explain our services and determine whether our services match your needs. Additionally, we will meet with as many as three times in order for you to become comfortable with our firm, its services and skills. |
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| Q. |
Why should I choose you as my financial advisor? |
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Unlike brokers or insurance agents, we sell no products (and accept no commissions or other compensation). We are fiduciaries to you and therefore always place your interests first. We provide advice and recommendations that are unbiased; our only goal is to construct a portfolio in keeping with your risk constraints and return objectives. |
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| Q. |
What is your approach to 401 K plan rollovers? |
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We believe in designing rollover portfolios that match your risk tolerance, your investment horizon, and your income needs. |
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How long does the process of rolling over a 401K plan usually take? |
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Our paperwork takes just 1-to-2 days. However, depending upon the speed with which your prior provider processes your request, it may take several weeks before your funds are transferred. |
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| Q. |
What financial institutions do you represent? |
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We represent no institutions nor sell any products. We recommend moving your 401k to a discount broker and then construct portfolios composed of individual securities, mutual funds and ETFs. |
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| Q. |
How many years of experience do you have? |
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I have over 20 years of experience as a security analyst and portfolio manager. |
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| Q. |
What are your fees for this service? |
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We charge a minimum fee of $2500 or a sliding fee based on assets beginning at 1% (it will slide lower for larger portfolios). |
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| Q. |
How many 401K rollover clients do you currently manage? |
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Our firm manages over 40 IRA portfolios and I manage almost a dozen. |
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