Acorn Financial Advisory Services, Inc
Answer a few questions and
get matched with an advisor.
Learn more about Acorn Financial Advisory Services, Inc
Overview
Acorn Financial Advisory Services, Inc is a financial advisor firm based in Reston, Virginia. The company oversees $1.0 billion in assets under management over 4,249 client accounts, making it one of the larger investment advisory firms in the United States by assets under management (AUM). Acorn Financial Advisory Services, Inc has a small group, including 21 financial advisors. Acorn Financial Advisory Services, Inc is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are tradable fiscal assets such as bonds, options and equities.
Acorn Financial Advisory Services, Inc oversees 3,969 of the company's client assets in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction judgments without needing client consent. The company also oversees 280 non-discretionary accounts totaling $129.5 million in AUM. The advisory firm's typical account size is $244,068. An average advisor at Acorn Financial Advisory Services, Inc manages around 202 client accounts.
Acorn Financial Advisory Services, Inc's headquarters is located at 1875 Campus Commons Drive, Reston, Virginia 20191. Acorn Financial Advisory Services, Inc is legally allowed to provide services to customers across 27 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Acorn Financial Advisory Services, Inc by the Numbers
$1.0 billion
30
4,249
$244.1 thousand
Products and Services
Acorn Financial Advisory Services, Inc offers a variety of financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, educational seminars and other services. In the prior financial year, it provided 251-500 of its clients with financial planning services. It is engaged in selling products or offering services apart from investment advice to its customers. Acorn Financial Advisory Services, Inc is also affiliated with one or more other companies in the financial services industry, including with an accountant or accounting firm, lawyer or law firm and pension consultant.
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.
-
Offered by 46% of firms
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
-
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
-
Find a firm that offers this service
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.
Fee Structure
Financial advisory fees largely depend on which services are offered. Fees charged by the firm most likely include the following fee structures: asset-based, hourly, fixed or other. The firm does not provide a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 21% of firms
Hourly
-
Offered by 32% of firms
Fixed
-
Offered by 10% of firms
Other
Unavailable
-
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
-
Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
It provides services to retail investors, high net worth investors and pension plans. Out of its 4,249 accounts, Acorn Financial Advisory Services, Inc's largest client type is retail investors, although it also serves 268 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 considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 16.36%
- Other Individuals - 81.14%
- Corporations - 2.5%
- 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.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Acorn Financial Advisory Services, Inc does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.