Financial Security Advisory Inc (Virginia Beach)

Name: Financial Security Advisory Inc
Address: 575 Lynnhaven Parkway, Virginia Beach, VA, 23452
Telephone: 757-431-1414

Financial Security Advisory Inc is a large advisory firm based in Virginia Beach. It manages $816.14 million of regulatory assets for 1,952 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.

Financial Security Advisory provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Security Advisory: assets under management

The assets under management (AUM) of Financial Security Advisory Inc is $816.14 million. The firm's AUM has grown by 528% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $816.08 million in discretionary accounts and $61.32 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $418.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $30.66 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% 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 Financial Security Advisory Inc 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 John Thomas Orlando serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Thomas Orlando is individuals with 1,503 clients and $628.38 million of assets under management. Among the 10 most similar advisory firms, Financial Security Advisory has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $816.14 million for 1,952 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 Security Advisory doesn't advise any private funds.

Careers at Financial Security Advisory Inc

The company employs 30 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 18 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.

John Thomas Orlando has been acting as President since 1 Jan 2012. Gayle Elizabeth Blachura joined the executive team most recently as the Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Duncan Woodall	Executive vice president	1 May 1997	Other	716996
Charles Frederick Jenks	Senior vice president	1 May 1997	Other	1486892
Reginald Curtis Corinaldi	Treasurer	1 May 1997	Other	1054108
Archie Ray Megginson	Secretary	1 May 1997	Other	1479442
Robert James Obrien	President/ director	1 May 1997	Other	1314543
John Thomas Orlando	Vp/cio/director	1 Apr 2000	Other	2692207
Llc Financial Security Companies	Owner	1 Dec 2003	75% - 100%	55-0864538
Nancy Elizabeth Renshaw	Chief compliance officer	1 Jan 2005	Other	2667562
Amy Christine Austin	Chief compliance officer	1 Feb 2009	Other	4372659
Amy C. Witherington	Chief compliance officer	1 Feb 2009	Other	4372659
Robert James Obrien	Chairman of the board	1 Jan 2012	Other	1314543
John Thomas Orlando	President	1 Jan 2012	Other	2692207

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert James Obrien	Managing partner	1 Dec 2003	Other	1314543
John Thomas Orlando	Partner	1 Dec 2003	Other	2692207
Reginald Curtis Corinaldi	Partner	1 Dec 2003	Other	1054108
Charles Frederick Jenks	Partner	1 Dec 2003	Other	1486892
Archie Ray Megginson	Partner	1 Dec 2003	Other	1479442
Richard Duncan Woodall	Partner	1 Dec 2003	Other	716996
Gayle Elizabeth Blachura	Partner	1 Feb 2014	Other	2874363

Based in Virginia Beach

The principal office where Financial Security Advisory Inc performs its advisory services is located at 575 Lynnhaven Parkway, Virginia Beach, VA 23452, which is also the mailing address of the firm. An additional office of the firm is in Jacksonville, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 757-431-1414 or by fax 757-431-1991. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at gofsg.com.