Augustine Asset Management Inc
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Overview
Augustine Asset Management Inc is a financial advisor company headquartered in Jacksonville, Florida. The firm has $415.0 million in total assets over 393 customer accounts, placing it among the bigger financial advisory firms in the United States by assets under management (AUM). Augustine Asset Management Inc has a small group, including 6 financial advisors. Augustine Asset Management Inc does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are tradable financial assets such as options, stocks and bonds.
Augustine Asset Management Inc manages more than half of the company's accounts in a discretionary manner. Discretionary management means that buy and sell choices are made by an investment advisor without requiring client permission. The company also manages 13 non-discretionary accounts totaling $36.2 million in assets. Augustine Asset Management Inc's average account size is $1.1 million. The typical advisor at Augustine Asset Management Inc manages around 66 client accounts, making it about average in terms of personalization.
The firm's main office is located at 1551 Atlantic Blvd, Jacksonville, Florida 32207-3369. It is legally allowed to serve customers throughout a number of states, including California, Florida and Georgia.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Augustine Asset Management Inc by the Numbers
$415.0 million
7
393
$1.1 million
Fee Structure
Financial management fees largely vary depending on which services the firm provides the client. However, fees billed by Augustine Asset Management Inc typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company does business with a broad range of customers. It provides services to retail investors, high net worth investors, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 393 clients, Augustine Asset Management Inc's largest client type by number of accounts is high net worth investors, although it also caters to 70 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM 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 firm's accounts are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 87.5%
- Other Individuals - 1.25%
- Corporations - 3.75%
- Charitable Organizations - 7.5%
* 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
Augustine Asset Management Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Augustine Asset Management Inc
Jacksonville, FL
San Francisco, CA
Jacksonville, FL
Jacksonville, FL
Jacksonville, FL
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