Mount Vernon Associates Inc (Baltimore)

Name: Mount Vernon Associates Inc
Address: 575 S Charles Street, Ste 401, Baltimore, MD, 21201
Telephone: 410-377-9780

Mount Vernon Associates Inc is a large advisory firm based in Baltimore. It manages $144.58 million of regulatory assets for 108 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Maryland and Pennsylvania.

Mount Vernon Associates provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mount Vernon Associates: assets under management

The assets under management (AUM) of Mount Vernon Associates Inc is $144.58 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $144.58 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.34 million each.

Mount Vernon Associates has custody of $2.02 million in cash and securities for 32 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in investment grade corporate bonds form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Mount Vernon Associates Inc 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 Silas Winfield Cain serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Silas Winfield Cain is high net worth individuals with 29 clients and $54.74 million of assets under management. Among the 7 most similar advisory firms, Mount Vernon Associates has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $144.58 million for 67 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.

Mount Vernon Associates doesn't advise any private funds.

Careers at Mount Vernon Associates Inc

The company employs 3 people that are either part- or full-time employees. 67 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.

Silas Winfield Cain has been acting as President since 1 Dec 2010. Mark Carlson Sullivan joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Silas Winfield Cain	President	1 Jan 1990	75% - 100%	38133
Kevin Taylor Cain	Vice president	1 Jan 1996	Other	2400785
Mark Carlson Sullivan	Vice president	1 Jan 1996	Other	1302578
Nancy Van Dyke O'hara	Vice president	1 Jan 2007	Other	5253349
Nancy Van Dyke O'hara	Vice president/chief compliance officer	1 Feb 2008	Other	5253349
Silas Winfield Cain	Chairman	1 Dec 2010	50% - 75%	38133
Mark Carlson Sullivan	President	1 Dec 2010	Other	1302578

Based in Baltimore

The principal office where Mount Vernon Associates Inc performs its advisory services is located at 575 S Charles Street, Ste 401, Baltimore, MD 21201, 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 410-377-9780 or by fax 410-244-8730. The normal business hours are 8:30-4:30 on Monday - Friday. You can find more information about the New York firm at mtvernonassoc.com.