Fund Direct Advisors Inc

CRD#155363
Investment Advisor Firm

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Learn more about Fund Direct Advisors Inc

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

    • Overview

    Fund Direct Advisors Inc operates as an advisory firm located in Greensboro, North Carolina. Fund Direct Advisors Inc has $500.0 million in assets under management throughout 350 accounts, placing it among the larger investment advisory firms in the United States by assets under management (AUM). Fund Direct Advisors Inc has a small group, including 6 financial advisors. Fund Direct Advisors Inc is not a registered broker-dealer, signifying that the firm is not able to 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 fiscal investments such as equities, options and bonds.

    Fund Direct Advisors Inc administers the majority of its accounts in a discretionary manner. Discretionary management means that transaction choices for the client's account are made by a portfolio manager without requiring client approval. It also has 70 non-discretionary accounts with a total of $450.0 million in AUM. The investment advisory firm supervises an average of $1.4 million for every client account. The typical financial advisor at Fund Direct Advisors Inc manages around 58 client accounts, placing it towards the middle in terms of personalization.

    Fund Direct Advisors Inc's main office is at 7800 Mccloud Road, Greensboro, North Carolina 27409. The firm is legally permitted to serve customers in the state of North Carolina.

    Assets Under Management

    $500.0 million

    Number of Advisors

    6

    Disclosures

    No

    Office Location

    7800 Mccloud Road
    Greensboro, NC 27409

    Fund Direct Advisors Inc by the Numbers

    Total Assets Under Management

    $500.0 million

    National Average: $8.6 billion
    Total Number of Employees

    7

    National Average: 64
    Total Number of Accounts

    350

    National Average: 375,227
    Average Account Size

    $1.4 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial advice usually vary depending on which service is provided. However, fees charged by Fund Direct Advisors 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 provided by Fund Direct Advisors Inc.

    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.

    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 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

    Fund Direct Advisors Inc works with retail investors, high net worth investors and pension plans. Out of its 350 customers, Fund Direct Advisors Inc's biggest client type by number of accounts is retail investors, although it also caters to 35 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers reside abroad.

    • High-Net-Worth Individuals* - 13.46%
    • Other Individuals - 53.85%
    • Corporations - 32.69%
    • 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

    Fund Direct Advisors Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Fund Direct Advisors Inc

    Benjamin Bailey
    Greensboro, NC
    Craven Lowe
    Greensboro, NC
    Drew Saia
    Greensboro, NC
    Charles Stanley
    Greensboro, NC
    William Stanley
    Greensboro, NC
    Kenneth Garber
    Greensboro, NC

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