Richard Young Associates, Ltd. (Augusta)

Name: Richard Young Associates, Ltd.
Address: 205 Hudson Trace, Augusta, GA, 30907
Telephone: 706-739-0725

Richard Young Associates, Ltd. is a large advisory firm based in Augusta. It manages $377.21 million of regulatory assets for 2,760 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, California, Florida, and 8 other states.

Richard Young Associates provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Richard Young Associates: assets under management

The assets under management (AUM) of Richard Young Associates, Ltd. is $377.21 million. The firm's AUM has grown by 235% since the beginning of its operation, and $246.89 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $377.13 million in discretionary accounts and $81.36 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $136.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $81.36 thousand.

Richard Young Associates has custody of $107.76 million in cash and securities for 580 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 94% of the total AUM. The second-largest asset type is other assets, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Richard Young Associates, Ltd. for their services and products based on a percentage of assets under management. 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 Walter Stephen Marbert serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Walter Stephen Marbert is individuals with 978 clients and $212.38 million of assets under management. Among the 10 most similar advisory firms, Richard Young Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $372.56 million for 1,075 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.

Richard Young Associates doesn't advise any private funds.

Careers at Richard Young Associates, Ltd.

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 5 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.

Walter Stephen Marbert has been acting as President since 1 Jul 2002. Kathryn O. Marbert joined the executive team most recently as the Member/Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Walter Stephen Marbert	President/chief compliance officer	1 Jul 2002	50% - 75%	2590560
Kathryn O. Marbert	Member/shareholder	1 May 2008	25% - 50%	5544288

Based in Augusta

The principal office where Richard Young Associates, Ltd. performs its advisory services is located at 205 Hudson Trace, Augusta, GA 30907, 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 706-739-0725 or by fax 706-739-0366. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at moneymd.net and its LinkedIn profile.