The Edgar Lomax Company
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Overview
The Edgar Lomax Company is a financial advisory company based in Alexandria, Virginia. The Edgar Lomax Company has $1.8 billion in assets under management over 41 accounts, making it one of the biggest firms in the nation by assets under management (AUM). It has a small group, including 6 financial advisors. The Edgar Lomax Company does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are defined as tradable fiscal investments such as options, bonds and equities.
The Edgar Lomax Company manages all of its accounts in a discretionary manner. Discretionary management is a structure in which transaction decisions are made by a portfolio manager without requiring client consent. The firm manages roughly $42.7 million in assets for each customer account. The average financial advisor at The Edgar Lomax Company manages around seven client accounts, placing it among the more personalized firms in the country.
The firm's central office is at 5971 Kingstowne Village Parkway, Alexandria, Virginia 22315. It is legally registered to provide services to investors in the state of Virginia.
Assets Under Management
Number of Advisors
Disclosures
Office Location
The Edgar Lomax Company by the Numbers
$1.8 billion
6
41
$42.7 million
Fee Structure
Financial management fees usually are based on which service is provided. However, fees charged by The Edgar Lomax Company can include the following fee types: asset-based, hourly, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 21% of firms
Hourly
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company manages money for a broad range of investors. The Edgar Lomax Company caters to high net worth investors, investment companies, pension plans, state or municipal government entities and corporations. Out of its 41 clients, The Edgar Lomax Company's biggest client is state or municipal government entities, although it also serves seven high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 18.92%
- Other Individuals - 0%
- Corporations - 81.08%
- 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
The Edgar Lomax Company does not have any disclosures.
Please visit its Form ADV for more details.
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