Financial Concepts Unlimited, Inc. (Annapolis)


Financial Concepts Unlimited, Inc. is a large advisory firm based in Annapolis. It manages $112.63 million of regulatory assets for 876 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Florida, Louisiana, Maryland, and 4 other states.

Financial Concepts Unlimited provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Concepts Unlimited: assets under management

The assets under management (AUM) of Financial Concepts Unlimited, Inc. is $112.63 million. The firm's AUM has grown by 68% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100.53 million in discretionary accounts and $12.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $159.82 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $49.01 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Concepts Unlimited, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Matthew Richard Zukergood serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Matthew Richard Zukergood is high net worth individuals with 32 clients and $59.6 million of assets under management. Among the 10 most similar advisory firms, Financial Concepts Unlimited has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $112.63 million for 151 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.

Financial Concepts Unlimited doesn't advise any private funds.

Careers at Financial Concepts Unlimited, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 2 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Matthew Richard Zukergood has been acting as President since 1 May 1990. John Russell Taylor joined the executive team most recently as the Ceo, Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Matthew Richard Zukergood President 1 May 1990 75% - 100% 1438202
John Russell Taylor Vice-president 1 Jan 2003 Other 4195320
Keyvan Rafei Ceo 1 Oct 2005 75% - 100% 1294978
John Russell Taylor Ceo, chief compliance officer 1 Sep 2011 75% - 100% 4195320

Based in Annapolis

The principal office where Financial Concepts Unlimited, Inc. performs its advisory services is located at 30 B West Street, Annapolis, MD 21401, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-444-5122 or by fax 301-315-6343. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at fcuinc.com.