Ag Asset Advisory, LLC (Los Angeles)


Ag Asset Advisory, LLC is a large advisory firm based in Los Angeles. It manages $229.15 million of regulatory assets for 132 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, New York, and Texas.

Ag Asset Advisory provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and wealth advisory consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ag Asset Advisory: assets under management

The assets under management (AUM) of Ag Asset Advisory, LLC is $229.15 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 122% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $229.15 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.74 million each.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is government bonds, which make up 12% of the firm’s portfolio. Investments in pooled investment vehicles form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ag Asset Advisory, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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.

What kind of clients Ag Asset Advisory serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Ag Asset Advisory is high net worth individuals with 22 clients and $197.22 million of assets under management. Among the 10 most similar advisory firms, Ag Asset Advisory has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $229.15 million for 36 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.

Ag Asset Advisory doesn't advise any private funds.

Careers at Ag Asset Advisory, LLC

The company employs 3 people that are either part- or full-time employees. 67 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Anthony Michael Glomski Managing member 1 Jun 2010 75% - 100% 5140380
Anthony Glomski Managing member/ chief compliance officer 1 Jun 2010 75% - 100% 5140380
Brian Scott Thomas Chief compliance officer 1 Jan 2015 Other 4647656

Based in Los Angeles

The principal office where Ag Asset Advisory, LLC performs its advisory services is located at 10100 Santa Monica Boulevard, Los Angeles, CA 90067, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-907-8656 or by fax 310-954-9865. The normal business hours are 6:00 a.m. - 3:00 p.m. on Monday - Friday. You can find more information about the New York firm at agassetadvisory.com.