Marmo Financial Group, LLC (Johnson City)

Name: Marmo Financial Group, LLC
Address: 801 Sunset Drive, Johnson City, TN, 37604
Telephone: 423-282-0514

Marmo Financial Group, LLC is a large advisory firm based in Johnson City. It manages $126.6 million of regulatory assets for 1,202 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Georgia, North Carolina, and 3 other states.

Marmo Financial Group provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Marmo Financial Group: assets under management

The assets under management (AUM) of Marmo Financial Group, LLC is $126.6 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $126.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $105.33 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Marmo Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Marmo Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Marmo Financial Group is individuals with 727 clients and $100.02 million of assets under management. Among the 9 most similar advisory firms, Marmo Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $126.6 million for 753 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.

Marmo Financial Group doesn't advise any private funds.

Careers at Marmo Financial Group, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Anthony Marmo	Managing member / president	1 Apr 2007	75% - 100%	4546005
Alexander David Swatzell	Chief compliance officer/director, advisory services	1 May 2015	Other	5030123

Based in Johnson City

The principal office where Marmo Financial Group, LLC performs its advisory services is located at 801 Sunset Drive, Johnson City, TN 37604, 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 423-282-0514 or by fax 423-262-8175. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at marmofinancial.com.