Councilor, Buchanan & Mitchell, P. C. (Cbm)

CRD#290348
Investment Advisor Firm

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Learn more about Councilor, Buchanan & Mitchell, P. C. (Cbm)

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

    • Overview

    Councilor, Buchanan & Mitchell, P. C. (Cbm) is located at 7910 Woodmont Ave, Bethesda, MD. The firm employs 6 financial advisors to manage client portfolios and provide financial guidance. Councilor, Buchanan & Mitchell, P. C. (Cbm) is not a registered broker-dealer.

    Councilor, Buchanan & Mitchell, P. C. (Cbm) offers financial planning services, publication of newsletters, and educational seminars. The firm operates on an hourly fee structure. It caters to retail investors and high net worth investors, with retail investors being the largest client type by accounts. The firm has 17 high net worth clients and has provided financial planning services to between 26 and 50 clients in the past year.

    Councilor, Buchanan & Mitchell, P. C. (Cbm) is registered in the states of Washington D.C., Maryland, Texas, and Virginia.

    Number of Advisors

    6

    Disclosures

    No

    Office Location

    7910 Woodmont Ave
    Bethesda, MD 20814

    Councilor, Buchanan & Mitchell, P. C. (Cbm) by the Numbers

    Total Number of Employees

    100

    National Average: 64
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    Products and Services

    Councilor, Buchanan & Mitchell, P. C. (Cbm) offers multiple services, which can consist of financial planning services, publication of newsletters, and educational seminars. In the last financial year, Councilor, Buchanan & Mitchell, P. C. (Cbm) provided 26-50 of its clients with financial planning services. The Firm is not engaged in selling products or offering services aside from investment advice to its investment advisory customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Find a firm that offers this service

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees charged by financial advisors usually depend on which service is offered. Fees charged by Councilor, Buchanan & Mitchell, P. C. (Cbm) typically consist of the following fee structure: hourly.

    Available

    • Offered by 21% of firms

      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.

    Unavailable

    • Find one of the 69% of firms that offer this fee type

      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.

    • 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 26% of firms that offer this fee type

      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.

    • 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.

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    Types of Clients

    The firm works with retail investors and high net worth investors. Out of its 2 clients, Councilor, Buchanan & Mitchell, P. C. (Cbm)'s largest client type by number of accounts is , but it also caters to 17 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone 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).

    • High-Net-Worth Individuals* - 37.78%
    • Other Individuals - 62.22%
    • 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

    Councilor, Buchanan & Mitchell, P. C. (Cbm) does not have any disclosures.

    Please visit its Form ADV for more details.

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