Fountain Financial Associates, Inc. (Wilmington)

Name: Fountain Financial Associates, Inc.
Address: 1209 Culbreth Drive, Wilmington, NC, 28405
Telephone: 910-256-8882

Fountain Financial Associates, Inc. is a large advisory firm based in Wilmington. It manages $404.95 million of regulatory assets for 974 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, New Hampshire, North Carolina, South Carolina, and Washington.

Fountain Financial Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fountain Financial Associates: assets under management

The assets under management (AUM) of Fountain Financial Associates, Inc. is $404.95 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 42% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $404.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $415.76 thousand each.

Fountain Financial Associates has custody of $200.33 million in cash and securities for 224 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 84% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fountain Financial Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Fountain Financial Associates serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Fountain Financial Associates is high net worth individuals with 132 clients and $306.06 million of assets under management. Among the 9 most similar advisory firms, Fountain Financial Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $403.33 million for 435 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.

Fountain Financial Associates doesn't advise any private funds.

Careers at Fountain Financial Associates, Inc.

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 isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Vinton Earl Fountain	President & chief compliance officer	1 May 1998	75% - 100%	2951777
Francis Martin Beam	Vice president	1 Nov 2010	Other	4339625
Christopher Mark Riley	Shareholder/vice president	1 Jan 2016	Other	2463351

Based in Wilmington

The principal office where Fountain Financial Associates, Inc. performs its advisory services is located at 1209 Culbreth Drive, Wilmington, NC 28405, 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 910-256-8882 or by fax 910-256-3688. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at fountainfinancial.com.