Moneywatch Advisors Inc (Lexington)


Moneywatch Advisors Inc is a large advisory firm based in Lexington. It manages $145.54 million of regulatory assets for 328 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Kentucky and Maine.

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

Moneywatch Advisors: assets under management

The assets under management (AUM) of Moneywatch Advisors Inc is $145.54 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $145.54 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $443.71 thousand each.
Moneywatch Advisors has custody of $12.41 million in cash and securities for 108 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 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Moneywatch Advisors 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 Moneywatch Advisors serves?

The only and largest group of clients of Moneywatch Advisors is individuals with 328 clients and $145.54 million of assets under management. Among the 10 most similar advisory firms, Moneywatch Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $145.54 million for 328 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.

Moneywatch Advisors doesn't advise any private funds.

Careers at Moneywatch Advisors Inc

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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
Robert James Bova Ceo 1 Jan 1980 50% - 75% 27077
Ramsey Pierse Bova Chief compliance officer 1 Jan 2002 Other 5029923
Ramsey Pierse Bova President and chief compliance officer 1 Jan 2008 25% - 50% 5029923

Based in Lexington

The principal office where Moneywatch Advisors Inc performs its advisory services is located at 121 Walton Avenue, Lexington, KY 40508, which is also the mailing address of the firm. An additional office of the firm is in Kennebunkport, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 859-268-1117 or by fax 859-269-7315. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at moneywatchadvisors.com.