Concorde Financial Resources, LLC (Wilkesboro)

Name: Concorde Financial Resources, LLC
Address: 1702 W Us Hwy 421, Suite P, Wilkesboro, NC, 28697
Telephone: 336-838-4100

Concorde Financial Resources, LLC is a large advisory firm based in Wilkesboro. It manages $111.53 million of regulatory assets for 366 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Colorado, Florida, North Carolina, South Carolina, and Texas.

Concorde Financial Resources provides portfolio management for individuals and small businesses and publication of newsletters. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Concorde Financial Resources: assets under management

The assets under management (AUM) of Concorde Financial Resources, LLC is $111.53 million. The firm's AUM has grown by 126% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $101.39 million in discretionary accounts and $10.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $290.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $596.64 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is investment and business development companies, which make up 42% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Concorde Financial Resources, LLC 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 Concorde Financial Resources serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Concorde Financial Resources is high net worth individuals with 31 clients and $58.36 million of assets under management. Among the 13 most similar advisory firms, Concorde Financial Resources has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $111.53 million for 186 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.

Concorde Financial Resources doesn't advise any private funds.

Careers at Concorde Financial Resources, 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
James Clayton Faw	Managing member	1 Sep 2001	50% - 75%	4463485
Wade Earl Sanders	Managing member	1 Sep 2001	25% - 50%	2851976
Mary Catherine Ferguson	Chief compliance officer	1 Jul 2011	Other	4463477
Jessica Marie Trunck	Chief compliance officer	1 Jan 2015	Other	4561886
Mary Catherine Ferguson	Managing member	1 Mar 2018	25% - 50%	4463477

Based in Wilkesboro

The principal office where Concorde Financial Resources, LLC performs its advisory services is located at 1702 W Us Hwy 421, Suite P, Wilkesboro, NC 28697, which is also the mailing address of the firm. An additional office of the firm is in York, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 336-838-4100 or by fax 336-838-3033. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at concordefinancialresources.com.