Financial Symmetry Incorporated (Raleigh)


Financial Symmetry Incorporated is a large advisory firm based in Raleigh. It manages $447.44 million of regulatory assets for 2,873 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, North Carolina, and Texas.

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

Financial Symmetry Incorporated: assets under management

The assets under management (AUM) of Financial Symmetry Incorporated is $447.44 million. The firm's AUM has grown by 54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.99 million in discretionary accounts and $439.44 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $235.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $154.79 thousand.
Financial Symmetry Incorporated has custody of $673.38 thousand in cash and securities for 44 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 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Symmetry Incorporated 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 Financial Symmetry Incorporated serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Financial Symmetry Incorporated is high net worth individuals with 165 clients and $292.88 million of assets under management. Among the 7 most similar advisory firms, Financial Symmetry Incorporated has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $445.8 million for 496 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 Symmetry Incorporated doesn't advise any private funds.

Careers at Financial Symmetry Incorporated

The company employs 14 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 8 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 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
William Alexander Ramsay President- chief compliance officer 1 Jun 2001 75% - 100% 1382488
Micheal C Smith Principal 1 Apr 2006 Other 4647168
Allison Marie Berger Principal 1 Jan 2008 Other 4996474
William Douglas Holt Principal 1 Nov 2009 Other 4024019
Heather Sue Gudac Secretary 1 Apr 2014 Other 6470470
Michael Barry Eklund Principal 1 Mar 2015 Other 4581511
Cameron Hill Hendricks Principal 1 Apr 2016 Other 6470381
Grace Rooth Kvantas Principal 1 Jan 2019 Other 4977868

Based in Raleigh

The principal office where Financial Symmetry Incorporated performs its advisory services is located at 1511 Sunday Dr, Raleigh, NC 27607, 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 919-851-8200 or by fax 888-494-7878. The normal business hours are 9:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at financialsymmetry.com and its LinkedIn profile.