Eugenias Advisory Group, LLC (Gadsden)

Name: Eugenias Advisory Group, LLC
Address: 508 South Fifth Street, Gadsden, AL, 35901
Telephone: 877-546-3245

Eugenias Advisory Group, LLC is a large advisory firm based in Gadsden. It manages $123.49 million of regulatory assets for 403 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Tennessee, and Texas.

Eugenias Advisory Group provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Eugenias Advisory Group: assets under management

The assets under management (AUM) of Eugenias Advisory Group, LLC is $123.49 million. The firm's AUM has gone down by -10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $116.17 million in discretionary accounts and $7.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $305.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $318.1 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Eugenias Advisory Group, LLC 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 Eugenias Advisory Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Eugenias Advisory Group is high net worth individuals with 43 clients and $104.93 million of assets under management. Among the 10 most similar advisory firms, Eugenias Advisory Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $123.49 million for 82 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.

Eugenias Advisory Group doesn't advise any private funds.

Careers at Eugenias Advisory Group, LLC

The company employs 8 people that are either part- or full-time employees. 25 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Velda Allen Eugenias	Ceo/cco	1 Jan 2008	75% - 100%	2290078
Melissa K. Hammel	Vice president	1 Jan 2017	Other	4342647

Based in Gadsden

The principal office where Eugenias Advisory Group, LLC performs its advisory services is located at 508 South Fifth Street, Gadsden, AL 35901 The mailing address of the firm is 508 South 5 Th Street, Gadsden, AL 35901. An additional office of the firm is in Brentwood, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 877-546-3245 or by fax 256-546-3249. The normal business hours are m-th 9-3 pm & fr-9-12 pm on Other. You can find more information about the New York firm at eugeniasadvisory.com.