The Edgar Lomax Company

CRD#105444
Investment Advisor Firm

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Learn more about The Edgar Lomax Company

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

    • Overview

    The Edgar Lomax Company is located at 5971 Kingstowne Village Parkway, Alexandria, VA. The firm employs 7 financial advisors to manage client portfolios and provide financial guidance. The Edgar Lomax Company is not a registered broker-dealer.

    The firm oversees $1.7 billion in assets under management across 37 accounts, all of which are discretionary. Services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for institutional clients. The Edgar Lomax Company serves a range of investors, including retail investors, investment companies, pension plans, charitable organizations, state or municipal government entities, and corporations. The largest client type by accounts is state or municipal government entities. The fee structure includes asset-based, hourly, fixed, and performance-based fees.

    The Edgar Lomax Company is registered in the state of Virginia.

    Assets Under Management

    $1.7 billion

    Number of Advisors

    7

    Disclosures

    No

    Office Location

    5971 Kingstowne Village Parkway
    Alexandria, VA 22315

    The Edgar Lomax Company by the Numbers

    Total Assets Under Management

    $1.7 billion

    National Average: $8.6 billion
    Total Number of Employees

    8

    National Average: 64
    Total Number of Accounts

    37

    National Average: 375,227
    Average Account Size

    $44.7 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management usually depend on the type of financial services provided. Fees billed by The Edgar Lomax Company may include some combination of the following fee structures: asset-based, hourly, fixed, and performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company. The firm is able to withdraw the charges directly from client funds.

    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 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.

    • 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.

    • Offered by 32% of firms

      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.

    Unavailable

    • 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 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.

    Back to Overview

    Types of Clients

    The Edgar Lomax Company manages money for a broad range of investors. The firm caters to retail investors, investment companies, pension plans, charitable organizations, state or municipal government entities, and corporations. Out of its 37 clients, The Edgar Lomax Company's biggest client type by number of accounts is state or municipal government entities. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 18.92%
    • Corporations - 67.57%
    • Charitable Organizations - 13.51%

    * 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

    The Edgar Lomax Company does not have any disclosures.

    Please visit its Form ADV for more details.

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