Azzad Asset Management, Inc. (Falls Church)

Name: Azzad Asset Management, Inc.
Address: 3141 Fairview Park Drive, Falls Church, VA, 22042 4533
Telephone: 703-207-7005

Azzad Asset Management, Inc. is a large advisory firm based in Falls Church. It manages $607.52 million of regulatory assets for 2,114 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Florida, and 19 other states.

Azzad Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Azzad Asset Management: assets under management

The assets under management (AUM) of Azzad Asset Management, Inc. is $607.52 million. The firm's AUM has grown by 26314% since the beginning of its operation, and $469.78 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $600.28 million in discretionary accounts and $7.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $284.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.62 million.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Azzad Asset Management, Inc. for their services and products based on a percentage of assets under management 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 Azzad Asset Management serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Azzad Asset Management is high net worth individuals with 172 clients and $302.3 million of assets under management. Among the 10 most similar advisory firms, Azzad Asset Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $607.52 million for 1,074 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.

Azzad Asset Management doesn't advise any private funds.

Careers at Azzad Asset Management, Inc.

The company employs 13 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 5 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 compensates 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
Jamal Mahmoud Elbarmil	Vice president and shareholder	1 Apr 2000	Other	4562314
Bashar Mohammad Qasem	President, ceo and shareholder	1 Aug 2000	25% - 50%	4366470
Kahlid Hamed Zainy	Shareholder	1 Aug 2000	Other	4366483
Ziad Mohammed Al Bassam	Shareholder	1 Aug 2000	Other	4366486
Khalid Mohammed Al Subaihi	Shareholder	1 Aug 2000	Other	4366491
Frederic Scott Valpey	Executive vice president	1 Aug 2000	Other	1164581
Abdullah Hussain Alnameh	Shareholder	1 Aug 2000	Other	4366488
Khalid Ahmed Abdulla Al Misnad	Shareholder	1 Aug 2000	Other	4369323
Manal Fouz	Chief compliance officer	1 Mar 2007	Other	5476786

Based in Falls Church

The principal office where Azzad Asset Management, Inc. performs its advisory services is located at 3141 Fairview Park Drive, Falls Church, VA 22042 4533, 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 703-207-7005 or by fax 703-852-7478. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at azzadfunds.com.