New Century Advisors, LLC
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Overview
New Century Advisors, LLC operates as an advisory company located in Chevy Chase, Maryland. The company handles $3.8 billion in assets under management across 47 client accounts, placing it among the largest firms in the United States by assets under management (AUM). New Century Advisors, LLC has a small team, including 9 financial advisors. New Century Advisors, LLC does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments like options, bonds and stocks.
New Century Advisors, LLC administers all of the company's accounts in a discretionary manner. Discretionary management signifies that buy and sell decisions are made by an investment advisor without requiring the customer's consent. The company's average account size is $81.4 million. The average financial advisor at New Century Advisors, LLC manages about five client accounts, placing it among the more individualized advisor firms in the country.
New Century Advisors, LLC's headquarters is at 2 Wisconsin Circle, Chevy Chase, Maryland 20815. The firm is legally allowed to provide services to investors throughout 4 states, including District of Columbia, Illinois, Maryland and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
New Century Advisors, LLC by the Numbers
$3.8 billion
15
47
$81.4 million
Fee Structure
Financial advisory fees largely vary depending on which services the firm provides the client. Fees charged by New Century Advisors, LLC can consist of any combination of the following fee types: asset-based or performance-based. The firm participates in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 0% of firms that offer this fee type
Subscription
-
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
New Century Advisors, LLC manages money for a broad range of customers. The firm caters to high net worth investors, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 47 clients, New Century Advisors, LLC's biggest client by number of accounts is state or municipal government entities, though it also caters to six 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 more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 13.33%
- Other Individuals - 0%
- Corporations - 60%
- Charitable Organizations - 26.67%
* 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
New Century Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at New Century Advisors, LLC
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