Financeware, Inc. (Richmond)

Name: Financeware, Inc.
Address: 600 East Main Street, Richmond, VA, 23219
Telephone: 804-644-4711

Financeware, Inc. is a large advisory firm based in Richmond. It manages $490.06 million of regulatory assets for 2,796 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Financeware provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, educational seminars and workshops, and capital markets research. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm also engages as financial & related services technology provider.

Financeware: assets under management

The assets under management (AUM) of Financeware, Inc. is $490.06 million. The firm's AUM has grown by 3599% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $470.02 million in discretionary accounts and $20.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $202.44 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financeware, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Financeware, Inc.

John K. Adams has been acting as President since 1 May 2000. Leonard Alan Reinhart joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David B. Loeper	Ceo, chairman, director	1 May 1999	Other	1314903
Robert P. Wilson	Cfo, director	1 May 1999	Other	4376932
Billings Ramsey & Co. Inc. Friedman	Shareholder	1 May 1999	Other	25027
Lp Mellon Ventures	Shareholder	1 May 1999	Other	25-1779945
Robert Payne Wilson	Cfo/evp	1 May 1999	Other	1367850
David Brian Loeper	Ceo, chairman, director	1 May 1999	Other	1314903
Amy Greene Vinson	Shareholder	1 May 1999	Other	2360437
John K. Adams	Director	1 May 2000	Other	4376926
Paul L Ciriello	Director	1 May 2000	Other	1545033
Toronto Dominion Capital Technology Ventures(Usa)	Shareholder	1 May 2000	Other	13-3390790
George Leonard Mccabe	Director	1 May 2000	Other	1675689
Billings Ramsey & Co. Inc. Friedman	Shareholder	1 May 2000	Other	25027
Lp Mellon Ventures	Shareholder	1 May 2000	Other	25-1779945
Lp Fbr Financial Services Partners	Shareholder	1 May 2000	Other	54-1887092
Toronto Dominion Capital (Usa) Inc.	Shareholder	1 May 2000	Other	13-3390790
Paul L Ciriello	Director	1 Jan 2001	Other	1545033
The Northwestern Mutual Life Insurance Company	Shareholder	1 Jul 2001	Other	51-0400041
Thomson Ventures U.S. Llc	Shareholder	1 Oct 2001	Other	51-0400041
Karen Kelly Nelson	Senior vp	1 Aug 2002	Other	5215080
Frank Louis Campanale	Director	1 Jan 2004	Other	824910
Bob Schnibbe	Director	1 Apr 2004	Other	4884377
Robert Schnibbe	Director	1 Apr 2004	Other	4884377
Charles J. Billerbeck	Director	1 Oct 2004	Other	4887153
Alan R Newman	Board member	1 Nov 2008	Other	5653134
Perry Lamar Chesney	Senior managing director - global client group, executive committee member	1 Mar 2011	Other	1098695
Leonard Alan Reinhart	Director	1 Oct 2011	Other	871907

Based in Richmond

The principal office where Financeware, Inc. performs its advisory services is located at 600 East Main Street, Richmond, VA 23219, which is also the mailing address of the firm. An additional office of the firm is in Gibsonia, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-644-4711 or by fax 804-644-4759. The normal business hours are 9:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at www.financeware.com.