Byron Financial, LLC (Charlotte)

Name: Byron Financial, LLC
Address: 6100 Fairview Road, Charlotte, NC, 28210
Telephone: 704-442-4402

Byron Financial, LLC is a large advisory firm based in Charlotte. It manages $375.5 million of regulatory assets for 330 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, New York, North Carolina, and 3 other states.

Byron Financial provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Byron Financial: assets under management

The assets under management (AUM) of Byron Financial, LLC is $375.5 million. The firm's AUM has grown by 82% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Byron Financial has custody of $101.7 million in cash and securities for 28 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Byron Financial is high net worth individuals with 58 clients and $351.77 million of assets under management. Among the 6 most similar advisory firms, Byron Financial has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $375.5 million for 68 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.

Byron Financial doesn't advise any private funds.

Careers at Byron Financial, LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Mccomas Byron	Majority owner	1 Aug 2003	75% - 100%	1914017
H. Denton Worrell	Chief operating officer	1 Nov 2006	Other	4454100
Philip Rees Brody	Chief compliance officer	1 Nov 2006	Other	4454110
Henry Denton Worrell	Chief operating officer	1 Nov 2006	Other	4454100
Joshua Scott Mayor	Chief compliance officer	1 Apr 2014	Other	4588636

Based in Charlotte

The principal office where Byron Financial, LLC performs its advisory services is located at 6100 Fairview Road, Charlotte, NC 28210, 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 704-442-4402 or by fax 704-442-4403. The normal business hours are 8:00-5:00 est on Monday - Friday. You can find more information about the New York firm at byronfin.com.