Investor Advisory Group, LLC (Charlotte)


Investor Advisory Group, LLC is a large advisory firm based in Charlotte. It manages $111.08 million of regulatory assets for 425 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Georgia, New York, North Carolina, and South Carolina.

Investor Advisory Group provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Investor Advisory Group: assets under management

The assets under management (AUM) of Investor Advisory Group, LLC is $111.08 million. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Investor Advisory Group, LLC 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.

What kind of clients Investor Advisory Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Investor Advisory Group is high net worth individuals with 59 clients and $80.63 million of assets under management. Among the 7 most similar advisory firms, Investor Advisory Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $111.08 million for 163 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.

Investor Advisory Group doesn't advise any private funds.

Careers at Investor Advisory Group, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Erskine Lee Harkey Cco 1 Sep 2004 Other 1638421
Harkey Corp Owner 1 Dec 2004 25% - 50% 56-1368815
Inc. Bomar And Company Owner 1 Dec 2004 25% - 50% 56-1777081
Edward Keith Jackson Chief compliance officer 1 Jul 2015 Other 5949110
Llc Aspirational Investments Owner 1 Jul 2015 25% - 50% 46-0653380
Llc Jones & Company Wealth Advisors Owner 1 Jan 2018 25% - 50% 81-4847079

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Erskine Lee Harkey Owner 1 Jul 1987 50% - 75% 1638421
Betty Galloway Harkey Owner 1 Jul 1987 25% - 50% 4341752
Samuel Goodlett Bomar Owner 1 Apr 1992 75% - 100% 2235925
Edward Keith Jackson Owner 1 Jul 2012 75% - 100% 5949110
Julie Frazer Jackson Owner 1 Jul 2012 Other 6625822
Robert Joel Jones Owner 1 Jan 2017 75% - 100% 6238384

Based in Charlotte

The principal office where Investor Advisory Group, LLC performs its advisory services is located at 421 South Sharon Amity Road, Charlotte, NC 28211, 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 704-366-1120 or by fax 704-366-1159. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at theiag.com.