Edgemoor Investment Advisors, Inc. (Bethesda)

Name: Edgemoor Investment Advisors, Inc.
Address: 7250 Woodmont Avenue, Bethesda, MD, 20814
Telephone: 301-543-8881

Edgemoor Investment Advisors, Inc. is a large advisory firm based in Bethesda. It manages $871.21 million of regulatory assets for 851 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Colorado, District of Columbia, and 9 other states.

Edgemoor Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Edgemoor Investment Advisors: assets under management

The assets under management (AUM) of Edgemoor Investment Advisors, Inc. is $871.21 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 156% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $871.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.02 million each.

Edgemoor Investment Advisors has custody of $145.77 million in cash and securities for 93 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in investment and business development companies form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Edgemoor Investment Advisors, 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 Thomas Patrick Meehan serves?

The firm provides services to individuals, investment companies, charitable organizations, and high net worth individuals. The largest group of clients of Thomas Patrick Meehan is high net worth individuals with 237 clients and $690.95 million of assets under management. Among the 12 most similar advisory firms, Edgemoor Investment Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $853.52 million for 378 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.

Edgemoor Investment Advisors doesn't advise any private funds.

Careers at Edgemoor Investment Advisors, Inc.

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 5 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 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.

Thomas Patrick Meehan has been acting as President since 1 Sep 1999. Shelagh Meehan Smyth joined the executive team most recently as the None.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Patrick Meehan	President	1 Sep 1999	50% - 75%	4051650
Ross Jordan Smyth	Managing director	1 Jan 2005	Other	1881818
Paul Patrick Meehan	Managing director, chief compliance officer	1 Aug 2005	Other	4379155
Shelagh Meehan Smyth	None	1 Dec 2006	Other	5315984
Meehan Family Trust	None	1 Dec 2006	Other	20-7221680

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Paul Patrick Meehan	Trustee	1 Dec 2006	25% - 50%	4379155

Based in Bethesda

The principal office where Edgemoor Investment Advisors, Inc. performs its advisory services is located at 7250 Woodmont Avenue, Bethesda, MD 20814, 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 301-543-8881 or by fax 301-543-8358. The normal business hours are 9:00am to 5:30pm on Monday - Friday. You can find more information about the New York firm at edgemoorinv.com/.