Chase Investment Counsel Corporation (Charlottesville)

Chase Investment Counsel Corporation is a large advisory firm based in Charlottesville. It manages $274.71 million of regulatory assets for 86 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Texas and Virginia.

Chase Investment Counsel Corporation provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Chase Investment Counsel Corporation: assets under management

The assets under management (AUM) of Chase Investment Counsel Corporation is $274.71 million. The firm's AUM has gone down by -81% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $190.11 million in discretionary accounts and $84.61 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.32 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $21.15 million.

Chase Investment Counsel Corporation has custody of $14.54 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chase Investment Counsel Corporation for their services and products based on a percentage of assets under management and hourly charges. 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 Gordon Michael Marchand serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Gordon Michael Marchand is high net worth individuals with 48 clients and $147.77 million of assets under management. Among the 8 most similar advisory firms, Chase Investment Counsel Corporation has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $274.71 million for 86 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.

Chase Investment Counsel Corporation doesn't advise any private funds.

Careers at Chase Investment Counsel Corporation

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gordon Michael Marchand has been acting as President since 1 Oct 1997. Stephen K Moore joined the executive team most recently as the Director.

Direct owners and executive officers

Based in Charlottesville

The principal office where Chase Investment Counsel Corporation performs its advisory services is located at 350 Old Ivy Way, Suite 100, Charlottesville, VA 22903 4897, 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 434-293-9104 or by fax 434-293-9002. The normal business hours are 8:30 - 6:00 on Monday - Friday. You can find more information about the New York firm at chaseinv.com.

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