Fund Direct Advisors Inc. (Greensboro)

Name: Fund Direct Advisors Inc.
Address: 7800 Mccloud Road, Greensboro, NC, 27409
Telephone: 336-271-4450

Fund Direct Advisors Inc. is a large advisory firm based in Greensboro. It manages $705 million of regulatory assets for 350 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of North Carolina.

Fund Direct Advisors provides financial planning services, educational seminars and workshops, and ria mgt. for 401-k,403-b & 527 plans; profit shar. pls; gov. pen. pls. for & non-for profit pen. pls.. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fund Direct Advisors: assets under management

The assets under management (AUM) of Fund Direct Advisors Inc. is $705 million. The firm's AUM has grown by 101% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $40 million in discretionary accounts and $665 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $200 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.43 million.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fund Direct Advisors Inc. for their services and products based on a percentage of assets under management 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 Fund Direct Advisors serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Fund Direct Advisors is pension and profit sharing plans with 330 clients and $665 million of assets under management. Among the 10 most similar advisory firms, Fund Direct Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $705 million for 350 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.

Fund Direct Advisors doesn't advise any private funds.

Careers at Fund Direct Advisors Inc.

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 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
Charles Christopher Stanley	Secretary	1 Nov 2010	25% - 50%	4433794
Inc. Intercarolina Financial Services	Shareholder	1 Nov 2010	Other	19475
Christopher Alan Francis	Shareholder	1 Nov 2010	Other	5866843
Joseph Eugene Navolanic	Chief compliance officer	1 Nov 2010	Other	727399
William Elbert Stanley Iii	Ceo	1 Nov 2010	25% - 50%	4363275
William Elbert Stanley Jr.	Shareholder	1 Nov 2011	Other	433669
William Elbert Stanley	Chief compliance officer	1 May 2019	25% - 50%	4363275

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Eugene Navolanic	Shareholder	1 Jul 1986	50% - 75%	727399
Marcus Dale Kindley	Shareholder	1 Jul 1986	25% - 50%	734449

Based in Greensboro

The principal office where Fund Direct Advisors Inc. performs its advisory services is located at 7800 Mccloud Road, Greensboro, NC 27409 The mailing address of the firm is Po Box 18262, Greensboro, NC 27419. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 336-271-4450 or by fax 336-271-4455. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at funddirectadvisors.com.