Armor Investment Advisors, LLC (Raleigh)

Name: Armor Investment Advisors, LLC
Address: 4101 Lake Boone Trail, Raleigh, NC, 27607
Telephone: 919-571-4382

Armor Investment Advisors, LLC is a large advisory firm based in Raleigh. It manages $211.42 million of regulatory assets for 469 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Florida, North Carolina, and Virginia.

Armor Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and investment consulting. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Armor Investment Advisors: assets under management

The assets under management (AUM) of Armor Investment Advisors, LLC is $211.42 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 732% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $211.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $450.78 thousand each.

Armor Investment Advisors has custody of $34.57 million in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Armor Investment Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Armor Investment Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Armor Investment Advisors is high net worth individuals with 69 clients and $128.33 million of assets under management. Among the 10 most similar advisory firms, Armor Investment Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $211.42 million for 157 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.

Armor Investment Advisors doesn't advise any private funds.

Careers at Armor Investment Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 71 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 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.

Jeffrey Rowe Miller has served as the Chief Investment Officer since 1 Jan 2008. Matthew Clark Miller joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Walter Lincoln Sheffield	Member	1 Jan 2005	25% - 50%	2632926
Erica Ann Wehner	Chief compliance officer	1 Jul 2006	Other	4935969
John Vietor Purrington	Chief compliance officer	1 Jun 2007	Other	2559973
Jeffrey Rowe Miller	Chief investment officer	1 Jan 2008	50% - 75%	4549575
Matthew Clark Miller	Member	1 Jan 2017	Other	5378097

Based in Raleigh

The principal office where Armor Investment Advisors, LLC performs its advisory services is located at 4101 Lake Boone Trail, Raleigh, NC 27607, 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 919-571-4382 or by fax 919-571-4368. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at armorinvestmentadvisors.com/.