Compton Wealth Advisory Group, LLC (Virginia Beach)

Name: Compton Wealth Advisory Group, LLC
Address: 281 Independence Blvd, Virginia Beach, VA, 23462
Telephone: 757-351-0741

Compton Wealth Advisory Group, LLC is a large advisory firm based in Virginia Beach. It manages $483.93 million of regulatory assets for 533 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of North Carolina, Texas, and Virginia.

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

Compton Wealth Advisory Group: assets under management

The assets under management (AUM) of Compton Wealth Advisory Group, LLC is $483.93 million. The firm's AUM has grown by 72% since the beginning of its operation, and $250.08 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $440.46 million in discretionary accounts and $43.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $879.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.36 million.

Compton Wealth Advisory Group has custody of $227.02 million in cash and securities for 117 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

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

What kind of clients Compton Wealth Advisory Group serves?

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 Compton Wealth Advisory Group is high net worth individuals with 61 clients and $387.13 million of assets under management. Among the 10 most similar advisory firms, Compton Wealth Advisory Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $483.93 million for 182 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.

Compton Wealth Advisory Group doesn't advise any private funds.

Careers at Compton Wealth Advisory Group, LLC

The company employs 5 people that are either part- or full-time employees. 40 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
Mark Alan Compton	Managing member / chief compliance officer	1 Feb 2009	75% - 100%	4132908

Based in Virginia Beach

The principal office where Compton Wealth Advisory Group, LLC performs its advisory services is located at 281 Independence Blvd, Virginia Beach, VA 23462, 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 757-351-0741 or by fax 757-351-0945. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at comptonwealth.com.