504 Fund Advisors, LLC (Wilmington)


504 Fund Advisors, LLC is an investment adviser to an investment company based in Wilmington. It manages $49.33 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of North Carolina.

504 Fund Advisors provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

504 Fund Advisors: assets under management

The assets under management (AUM) of 504 Fund Advisors, LLC is $49.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $49.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $49.33 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay 504 Fund Advisors, 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 504 Fund Advisors serves?

The only and largest group of clients of 504 Fund Advisors is investment companies with 1 clients and $49.33 million of assets under management. Among the 1 most similar advisory firms, 504 Fund Advisors has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $49.33 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

504 Fund Advisors doesn't advise any private funds.

Careers at 504 Fund Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Robert Oliver Judge has served as the Chief Investment Officer since 1 Mar 2015. Polly White Cordle joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Scott Michael Conger Chief compliance officer 1 Dec 2013 Other 5923489
Mark A Elste Chief executive officer, member 1 Dec 2013 Other 200695
Michael Welgat Member 1 Dec 2013 Other 4613447
Roger L Weston Member 1 Dec 2013 Other 4613442
Inc. Live Oak Bancshares Managing member 1 Dec 2013 50% - 75% 26-4596286
Inc. U.S. Fiduciary Services Managing member 1 Dec 2013 25% - 50% 20-0394155
Mark Arthur Elste Chief executive officer, member 1 Dec 2013 Other 200695
Roger Lance Weston Member 1 Dec 2013 Other 4613442
Mark Arthur Elste Member 1 Dec 2014 Other 200695
Inc. Live Oak Bancshares Member 1 Dec 2014 75% - 100% 26-4596286
Constantine Andrew Pelos Chief compliance officer 1 Dec 2014 Other 1074631
Michael Welgat Member 1 Dec 2014 Other 4613447
Roger Lance Weston Member 1 Dec 2014 Other 4613442
Inc. U.S. Fiduciary Services Managing member 1 Dec 2014 25% - 50% 20-0394155
Tommy On Huie Member 1 Dec 2014 Other 2106851
Daniel Vincent Oconnell Member 1 Dec 2014 Other 5580689
Elijah Vaughn Gordy Member 1 Dec 2014 Other 1450638
Jordan M Blanchard Chief executive officer, chief operating officer 1 Mar 2015 Other 6225239
Robert Oliver Judge Chief investment officer 1 Mar 2015 Other 1161592
David George Lucht Manager 1 Mar 2015 Other 6460589
William Leaford Williams Manager 1 Mar 2015 Other 6460598
James Slaughter Mahan Manager 1 Mar 2015 Other 6460618
Gregory Lee Gibson Chief financial officer 1 May 2015 Other 6504260
Polly White Cordle Chief compliance officer 1 Dec 2018 Other 2875017

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc.Employee Stock Ownership Plan U.S.Fiduciary Services Shareholder 1 Jan 2007 75% - 100% 20-0394155
Colin Maxwell Henderson Trustee 1 Jan 2007 Other 2619506
Inc.Employee Stock Ownership Plan U.S.Fiduciary Services Shareholder 1 Dec 2013 25% - 50% 20-0394155
Colin Maxwell Henderson Trustee 1 Dec 2013 Other 2619506
Inc Live Oak Bancshares Shareholder 1 Dec 2013 50% - 75% 26-4596286

Based in Wilmington

The principal office where 504 Fund Advisors, LLC performs its advisory services is located at 1741 Tiburon Drive, Wilmington, NC 28403, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 440-829-8413. The normal business hours are 8:00am- 5:00pm on Monday - Friday.