New Century Advisors, LLC

CRD#122478
Investment Advisor Firm

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Learn more about New Century Advisors, LLC

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

    • Overview

    New Century Advisors, LLC is located at 2 Wisconsin Circle, Chevy Chase, MD. The firm employs 9 financial advisors to manage client portfolios and provide financial guidance. New Century Advisors, LLC is not a registered broker-dealer.

    New Century Advisors, LLC oversees $4.0 billion in assets under management across 46 accounts, all of which are discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for institutional clients. The firm caters to high net worth investors, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations, with state or municipal government entities being the largest client type by accounts. The fee structure at New Century Advisors, LLC includes asset-based and performance-based fees. The firm has 9 high net worth clients.

    New Century Advisors, LLC is registered in the states of California, District of Columbia, Illinois, Maryland, New Hampshire, and New York.

    Assets Under Management

    $4.0 billion

    Number of Advisors

    9

    Disclosures

    No

    Office Location

    2 Wisconsin Circle
    Chevy Chase, MD 20815

    New Century Advisors, LLC by the Numbers

    Total Assets Under Management

    $4.0 billion

    National Average: $8.6 billion
    Total Number of Employees

    17

    National Average: 64
    Total Number of Accounts

    46

    National Average: 375,227
    Average Account Size

    $85.9 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees largely vary depending on which services are provided. Fees charged by New Century Advisors, LLC likely consist of some combination of the following fee types: asset-based or performance-based. The company participates in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    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.

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    Types of Clients

    The firm does business with a broad range of clients. The company works with high net worth investors, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, and corporations. Out of its 7 clients, New Century Advisors, LLC's largest client group by number of accounts is state or municipal government entities, though it also caters to 9 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 19.57%
    • Other Individuals - 0%
    • Corporations - 56.52%
    • Charitable Organizations - 23.91%

    * 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

    Laura Demarco
    Chevy Chase, MD

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