The Burney Company (Reston)

Name: The Burney Company
Address: 1800 Alexander Bell Drive, Reston, VA, 20191
Telephone: 703-241-5611

The Burney Company is a large advisory firm based in Reston. It manages $1.68 billion of regulatory assets for 4,329 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

The Burney Company provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Burney Company: assets under management

The assets under management (AUM) of The Burney Company is $1.68 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 235% since the beginning of its operation, and $2.15 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.68 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $389.19 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is investment and business development companies, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Burney Company 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 Lowell Dorrance Pratt serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lowell Dorrance Pratt is high net worth individuals with 793 clients and $1.22 billion of assets under management. Among the 8 most similar advisory firms, The Burney Company has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.68 billion for 2,098 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.

The Burney Company doesn't advise any private funds.

Careers at The Burney Company

The company employs 42 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lowell Dorrance Pratt has been acting as President since 1 Jan 1999. Sherrie Parks Campbell joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mary Anika Burney	Secretary	1 Oct 1974	25% - 50%	4903176
John Crouse Burney	Chairman	1 Apr 1981	25% - 50%	xxx-xx-xxxx
Lowell Dorrance Pratt	President	1 Jan 1999	Other	2185935
Senour Hunt	Director	1 Jan 1999	Other	1754238
Gilbert Russell Green	Shareholder	1 Jan 1999	Other	2143848
Peter Allison Wentz	Director	1 Jan 1999	Other	4903775
Theodore Roy Rosenberg	Chief executive officer	1 Jan 1999	Other	1745857
Richard Elmer Bauchspies	Director	1 Jan 1999	Other	1972231
Peter A Wentz	Director	1 Jan 1999	Other	4903775
Robert B Stewart	Shareholder	1 Jan 1999	Other	4903782
Robert Benfred Stewart	Shareholder	1 Jan 1999	Other	4903782
William Abbott Stewart	Chief compliance officer	1 Jan 2006	Other	5104512
Richard Elmer Bauchspies	Director	1 Jan 2006	Other	2242970
Dennis Darin Puppel	Director	1 Jan 2006	Other	845331
Theodore Roy Rosenberg	Shareholder	1 Mar 2007	Other	1745857
Thomas Durrell Hunt	Director	1 Jul 2009	Other	1777293
John Michael Daley	Director	1 Jul 2009	Other	1750090
Peter Christopher Woolston	Director	1 Jul 2009	Other	1002583
Mark Tompkins Vanderberg	Director	1 Jun 2011	Other	5713616
Angela Marie Rugari	Compliance officer	1 Jul 2012	Other	6837635
Martin Walsh	Shareholder	1 May 2015	Other	6626131
Xin Shen	Shareholder	1 Mar 2016	Other	6626133
Sherrie Parks Campbell	Director	1 Jun 2019	Other	2159664

Based in Reston

The principal office where The Burney Company performs its advisory services is located at 1800 Alexander Bell Drive, Reston, VA 20191, which is also the mailing address of the firm. An additional office of the firm is in Arlington, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-241-5611 or by fax 703-531-0418. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at burney.com.