Colony Family Offices, LLC (Charlotte)


Colony Family Offices, LLC is a large advisory firm based in Charlotte. It manages $1.62 billion of regulatory assets for 359 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Delaware, Florida, and 6 other states.

Colony Family Offices provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Colony Family Offices: assets under management

The assets under management (AUM) of Colony Family Offices, LLC is $1.62 billion. The firm's AUM has grown by 248% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.58 billion in discretionary accounts and $47.31 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.97 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.13 million.
Colony Family Offices has custody of $1.33 billion in cash and securities for 257 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Colony Family Offices, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Miguel Ponce serves?

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Miguel Ponce is high net worth individuals with 307 clients and $1.54 billion of assets under management. Among the 5 most similar advisory firms, Colony Family Offices has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.62 billion for 322 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Colony Family Offices doesn't advise any private funds.

Careers at Colony Family Offices, LLC

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Miguel Ponce has been acting as President since 1 Sep 2013. Christopher Shannon Elliotte joined the executive team most recently as the Wealth Advisor / Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Scott William Schattenfield Managing member, cco 1 Feb 2013 75% - 100% 1289006
Sarah Katherine Brock Chief compliance officer 1 May 2013 Other 4503387
Wyman Thomas Byrd Chief investment strategist 1 May 2013 Other 4888880
Sarah Katherine Wells Cco 1 May 2013 Other 4503387
Eric Dean Ridenour Managing director 1 Aug 2013 75% - 100% 3064132
Miguel Ponce Director 1 Sep 2013 Other 4901823
Susan Annette Bridges Member 1 Dec 2013 Other 4631937
Christopher Shannon Elliotte Wealth advisor / member 1 Nov 2016 Other 5378295

Based in Charlotte

The principal office where Colony Family Offices, LLC performs its advisory services is located at 4250 Congress Street, Charlotte, NC 28209, which is also the mailing address of the firm. An additional office of the firm is in Chapel Hill, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-285-7300 or by fax 704-285-7301. The normal business hours are 9:00am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at colonyfamilyoffices.com/.