Concord Equity Group Advisors LLC (Matawan)


Concord Equity Group Advisors LLC is a large advisory firm based in Matawan. It manages $405.5 million of regulatory assets for 770 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, Delaware, and 17 other states.

Concord Equity Group Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Concord Equity Group Advisors: assets under management

The assets under management (AUM) of Concord Equity Group Advisors LLC is $405.5 million. The firm's AUM has grown by 479% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $15.5 million in discretionary accounts and $390 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $70.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $709.09 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Concord Equity Group Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Concord Equity Group Advisors LLC

Alan Felix Gavornik has been acting as President since 1 Nov 1996. Gary Bruce Weiss joined the executive team most recently as the Srop.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Alan Felix Gavornik Ceo/director 1 Nov 1996 Other 1392101
Nicholas Mariniello President/director 1 Nov 1996 Other 1056389
Lee Danny Argush Cfo/director 1 Mar 1997 Other 1260477
Llc American Capital Acquisition Partners Parent company 1 Jan 1998 75% - 100% 22-3473337
Vincent Michael Bruno Chief complinace officer 1 Jul 2003 Other xxx-xx-xxxx
Washington Associates 205 Llc Shareholder 1 Nov 2004 Other 20-1886357
Spencer Trask Investment Partners Shareholder (ria only) 1 Feb 2005 Other 99-9999999
Spencer Trask Private Equity Fund I Shareholder (ria only) 1 Feb 2005 Other 99-9999999
Spencer Trask Private Equity Fund Ii Shareholder (ria only) 1 Feb 2005 Other 99-9999999
Spencer Trask Private Equity Accredited Fund Iii Shareholder (ria only) 1 Feb 2005 Other 99-9999999
Spencer Trask Illumination Fund Shareholder (ria only) 1 Feb 2005 Other 99-9999999
Washington Associates 205 Llc Parent company - broker-dealer only 1 Jun 2005 75% - 100% 20-1886357
Kirk Edward Loury Chief investment officer (ria only) 1 Jul 2005 Other xxx-xx-xxxx
Gabriel John Lotesto Chief operating officer (bd only) 1 Jul 2005 Other 1248731
Donna M Mcconville Chief compliance officer 1 Nov 2005 Other 2392634
Joseph Jr Gatti Srop/ vice president 1 Feb 2006 Other 218757
Gabriel John Lotesto Chief executive officer 1 Mar 2006 Other 1248731
Marc Stuart Mazur Vice president, operations 1 Mar 2006 Other 1773551
Joseph Charles Jr Marinelli Finop 1 Mar 2006 Other 1405445
Nicholas Mariniello Managing director (ria only) 1 Mar 2006 Other 1056389
American Capital Acquisition Partners (Parent Company Ria Only) (parent company - ria only) 1 Mar 2006 Other 22-3473337
Alan Felix Gavornik Managing director (ria only) 1 Mar 2006 Other 1392101
Lee Danny Argush Managing director (ria only) 1 Mar 2006 Other 1260477
William Paul Dioguardi Chairman 1 Apr 2006 Other 1005567
Daniel Thomas O'connor Chief compliance officer 1 Apr 2006 Other 1183905
Gabriel John Lotesto Cfo/finop 1 Jan 2007 Other 1248731
Gary Bruce Weiss Srop 1 Feb 2007 Other 1800295

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Alan Felix Gavornik Shareholder 1 Jan 1998 25% - 50% 1392101
Nicholas Mariniello Shareholder 1 Jan 1998 25% - 50% 1056389
Lee Danny Argush Shareholder 1 Jan 1998 25% - 50% 1260477
Llc Spencer Trask Investment Partners Shareholder 1 Jun 2005 75% - 100% 13-4139132
Kevin Brian Kimberlin Managing director 1 Jun 2005 75% - 100% 1025712

Based in Matawan

The principal office where Concord Equity Group Advisors LLC performs its advisory services is located at 100 Matawan Road, Matawan, NJ 07747 3912, which is also the mailing address of the firm. An additional office of the firm is in Billings, MT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 732-335-0800 or by fax 732-335-0402. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at www.concordequity.com.

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