Strategent Financial, LLC (Harrisonburg)

Name: Strategent Financial, LLC
Address: 185 Neff Avenue, Harrisonburg, VA, 22801
Telephone: 540-437-1222

Strategent Financial, LLC is a large advisory firm based in Harrisonburg. It manages $121.66 million of regulatory assets for 90 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Texas and Virginia.

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

Strategent Financial: assets under management

The assets under management (AUM) of Strategent Financial, LLC is $121.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and $275.56 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $121.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.35 million each.

Strategent Financial has custody of $75.68 million in cash and securities for 66 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 86% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals and high net worth individuals. The largest group of clients of Strategent Financial is high net worth individuals with 56 clients and $104.43 million of assets under management. Among the 10 most similar advisory firms, Strategent Financial has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $120.81 million for 89 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.

Strategent Financial doesn't advise any private funds.

Careers at Strategent Financial, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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
Dale Scott Lam	Managing member, chief compliance officer	1 Jul 2008	75% - 100%	3265572
Abram Joshua Shearer	Member	1 Jul 2018	Other	5204820

Based in Harrisonburg

The principal office where Strategent Financial, LLC performs its advisory services is located at 185 Neff Avenue, Harrisonburg, VA 22801, 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 540-437-1222 or by fax 540-437-1299. The normal business hours are by appointment only on Other. You can find more information about the New York firm at strategentfinancial.com.