Virginia Capital Strategies Inc (Roanoke)

Name: Virginia Capital Strategies Inc
Address: 110 W. Church Ave, Roanoke, VA, 24011
Telephone: 540-527-3700

Virginia Capital Strategies Inc is a large advisory firm based in Roanoke. It manages $176.87 million of regulatory assets for 359 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Virginia.

Virginia Capital Strategies provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Virginia Capital Strategies: assets under management

The assets under management (AUM) of Virginia Capital Strategies Inc is $176.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 136% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $492.67 thousand each.

Virginia Capital Strategies has custody of $2.22 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in non-exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Virginia Capital Strategies Inc for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Virginia Capital Strategies serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Virginia Capital Strategies is high net worth individuals with 41 clients and $99.7 million of assets under management. Among the 11 most similar advisory firms, Virginia Capital Strategies has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $173.76 million for 127 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.

Virginia Capital Strategies doesn't advise any private funds.

Careers at Virginia Capital Strategies Inc

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
Stephen James Bowery	President, chief compliance officer	1 Dec 2008	75% - 100%	1893325

Based in Roanoke

The principal office where Virginia Capital Strategies Inc performs its advisory services is located at 110 W. Church Ave, Roanoke, VA 24011, 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 540-527-3700 or by fax 540-527-3702. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at vacapstrategies.com.