Tounjian Advisory Group, LLC (Fort Myers)

Name: Tounjian Advisory Group, LLC
Address: 8870 Daniels Parkway, Fort Myers, FL, 33912
Telephone: 239-561-1155

Tounjian Advisory Group, LLC is a large advisory firm based in Fort Myers. It manages $139.45 million of regulatory assets for 246 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida and Maryland.

Tounjian Advisory Group provides portfolio management for individuals and small businesses, selection of other advisers, and solicitor. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tounjian Advisory Group: assets under management

The assets under management (AUM) of Tounjian Advisory Group, LLC is $139.45 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $139.45 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $566.88 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Tounjian Advisory Group, LLC 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 Tounjian Advisory Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Tounjian Advisory Group is individuals with 211 clients and $79.14 million of assets under management. Among the 8 most similar advisory firms, Tounjian Advisory Group has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $139.45 million for 246 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.

Tounjian Advisory Group doesn't advise any private funds.

Careers at Tounjian Advisory Group, LLC

The company employs 7 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alfred Michael Tounjian	Managing member/chief compliance officer	1 Jan 2011	75% - 100%	3048792

Based in Fort Myers

The principal office where Tounjian Advisory Group, LLC performs its advisory services is located at 8870 Daniels Parkway, Fort Myers, FL 33912, which is also the mailing address of the firm. An additional office of the firm is in Naples, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 239-561-1155 or by fax 239-288-6206. The normal business hours are 9:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at facebook.com/theadvantageretirementgroup and its LinkedIn profile.