Concord Investment Counsel

CRD#107901
Investment Advisor Firm

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Learn more about Concord Investment Counsel

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Concord Investment Counsel operates as a financial advisor firm that has its headquarters in Irvine, California. The company has $320.2 million in assets across 534 accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). Concord Investment Counsel has a small team, including 3 financial advisors. Concord Investment Counsel is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are tradable financial assets such as options, equities and bonds.

    Concord Investment Counsel oversees 518 of its accounts on a discretionary basis. Discretionary management means that buy and sell decisions for the client's account are made by a portfolio manager without requiring client consent. It also administers 16 non-discretionary accounts totaling $5.3 million in assets. The company oversees about $599,582 for every customer account. The average financial advisor at Concord Investment Counsel manages around 178 client accounts.

    Concord Investment Counsel's headquarters is at 9259 Research Drive, Irvine, California 92618. The company is allowed to provide services to customers in the state of California.

    Assets Under Management

    $320.2 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    9259 Research Drive
    Irvine, CA 92618

    Concord Investment Counsel by the Numbers

    Total Assets Under Management

    $320.2 million

    National Average: $8.6 billion
    Total Number of Employees

    4

    National Average: 64
    Total Number of Accounts

    534

    National Average: 375,227
    Average Account Size

    $599.6 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees usually depend on the type of financial services provided. However, fees billed by Concord Investment Counsel most likely are comprised of some blend of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    The company caters to high net worth investors. Out of its 534 customers, Concord Investment Counsel's largest client type by number of accounts is high net worth investors, but it also caters to 252 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 100%
    • Other Individuals - 0%
    • Corporations - 0%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Concord Investment Counsel does not have any disclosures.

    Please visit its Form ADV for more details.

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