The Burney Company is a large advisory firm based in Reston. It manages $1.68 billion of regulatory assets for 4,329 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
The Burney Company provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of The Burney Company is $1.68 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 235% since the beginning of its operation, and $2.15 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay The Burney Company for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lowell Dorrance Pratt is high net worth individuals with 793 clients and $1.22 billion of assets under management. Among the 8 most similar advisory firms, The Burney Company has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.68 billion for 2,098 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
The Burney Company doesn't advise any private funds.
The company employs 42 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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.
Lowell Dorrance Pratt has been acting as President since 1 Jan 1999. Sherrie Parks Campbell joined the executive team most recently as the Director.
The principal office where The Burney Company performs its advisory services is located at 1800 Alexander Bell Drive, Reston, VA 20191, which is also the mailing address of the firm. An additional office of the firm is in Arlington, VA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 703-241-5611 or by fax 703-531-0418. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at burney.com.