Harrison & Company Wealth Management, LLC (Roanoke)

Name: Harrison & Company Wealth Management, LLC
Address: 2008 Stephenson Ave, Roanoke, VA, 24014
Telephone: 540-204-9310

Harrison & Company Wealth Management, LLC is a large advisory firm based in Roanoke. It manages $105.54 million of regulatory assets for 671 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.

Harrison & Company Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Harrison & Company Wealth Management: assets under management

The assets under management (AUM) of Harrison & Company Wealth Management, LLC is $105.54 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 178% since the beginning of its operation, and $33.56 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $105.54 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $157.29 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harrison & Company Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Harrison & Company Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Harrison & Company Wealth Management is high net worth individuals with 33 clients and $71.1 million of assets under management. Among the 10 most similar advisory firms, Harrison & Company Wealth Management has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $105.54 million for 122 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.

Harrison & Company Wealth Management doesn't advise any private funds.

Careers at Harrison & Company Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Hubbard Harrison	Chief compliance officer	1 Apr 2009	75% - 100%	2640763
Elizabeth N Harrison	Chief compliance officer	1 Jan 2010	Other	5470774

Based in Roanoke

The principal office where Harrison & Company Wealth Management, LLC performs its advisory services is located at 2008 Stephenson Ave, Roanoke, VA 24014, 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 540-204-9310 or by fax 540-266-3634. The normal business hours are 9:00am -5:00 pm on Monday - Friday. You can find more information about the New York firm at hcowealth.com.