Burt Associates, Incorporated (Rockville)

Name: Burt Associates, Incorporated
Address: 6010 Executive Blvd, Rockville, MD, 20852
Telephone: 301-770-9880

Burt Associates, Incorporated is a large advisory firm based in Rockville. It manages $594.75 million of regulatory assets for 1,077 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 10 other states.

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

Burt Associates, Incorporated: assets under management

The assets under management (AUM) of Burt Associates, Incorporated is $594.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 404% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $594.75 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $552.23 thousand each.

Burt Associates, Incorporated has custody of $17.58 million in cash and securities for 10 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 53% of the total AUM. The second-largest asset type is exchange traded securities, which make up 38% of the firm’s portfolio. Investments in pooled investment vehicles form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Burt Associates, Incorporated for their services and products based on a percentage of assets under management and fixed fees. 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 Marvin Roger Burt serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Marvin Roger Burt is high net worth individuals with 174 clients and $538.68 million of assets under management. Among the 12 most similar advisory firms, Burt Associates, Incorporated has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $594.75 million for 323 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.

Burt Associates, Incorporated doesn't advise any private funds.

Careers at Burt Associates, Incorporated

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Marvin Roger Burt has been acting as President since 1 Jun 1972. Frederick Joseph Cornelius joined the executive team most recently as the President, Ceo And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marvin Roger Burt	President	1 Jun 1972	25% - 50%	1373993
Joy Lee Burt	Shareholder	1 Nov 1993	25% - 50%	4346920
Frederick Joseph Cornelius	Chief operating officer	1 Dec 2001	Other	1588904
Frederick Joseph Cornelius	President, ceo and chief compliance officer	1 Jan 2003	Other	1588904
Maria Georgeanne Cornelius	Executive vice president	1 Jan 2003	Other	1995756
Incorporated Bai Holdings	Holding company	1 Jan 2003	75% - 100%	13-4216316

Based in Rockville

The principal office where Burt Associates, Incorporated performs its advisory services is located at 6010 Executive Blvd, Rockville, MD 20852, 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 301-770-9880 or by fax 301-770-9885. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at burtwealth.com and its LinkedIn profile.