Concord Wealth Partners is a large advisory firm based in Abingdon. It manages $290.24 million of regulatory assets for 1,434 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, and 7 other states.
Concord Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Concord Wealth Partners is $290.24 million. The firm's AUM has grown by 61% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Concord Wealth Partners for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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 Jonathan Wade Lopez is high net worth individuals with 148 clients and $200.76 million of assets under management. Among the 7 most similar advisory firms, Concord Wealth Partners has the 3rd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $290.24 million for 510 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.
Concord Wealth Partners doesn't advise any private funds.
The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Jonathan Wade Lopez has been acting as President since 1 Dec 2001. Jonathan Robert Weatherly joined the executive team most recently as the Chief Compliance Officer.
The principal office where Concord Wealth Partners performs its advisory services is located at 955 West Main Street, Abingdon, VA 24210 2427, which is also the mailing address of the firm. An additional office of the firm is in Roanoke, VA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 276-628-5910 or by fax 276-623-1593. 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 lopezwealth.com and its LinkedIn profile.