Concord Asset Management, LLC

RIASEC RegisteredEst. 2020
Total AUM
$639M
Discretionary
$639M
100% of AUM
Avg account
$387K
Accounts
1,653
Employees
2
Advisory reps
2

Firm details

Headquarters
Abingdon, Virginia
CRD number
310710
Registered since
November 4, 2020
Custodians
CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Fixed Fees
Client types
  • Other Investment Advisers100%
Services
Portfolio Management for IndividualsPortfolio Management for Institutional ClientsSelection of Other Advisers

Firm profile

FINTRX

Overview

Concord Asset Management, LLC is an SEC-registered limited liability company that began registration in 2020 and operates as a capital allocator to institutional clients. The firm provides portfolio management for individuals, small businesses and institutions, and it also engages in selecting other advisers and allocating to third‑party managers. Fee arrangements include both percentage‑of‑AUM and fixed fees. Concord is not positioned as an ESG investor and identifies a related adviser relationship; its industry affiliations include other investment advisers and accounting firms.

Assets & Accounts

Public Holdings

Investments & Alternatives

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 52%, Exchange Traded Equities 42%, Cash & Cash Equivalents 3%, State & Local Bonds 2%, US Government Bonds 1%52%
  • Public Funds/Mutual Funds52%
  • Exchange Traded Equities42%
  • Cash & Cash Equivalents3%
  • State & Local Bonds2%
  • US Government Bonds1%

Owners & executives

1 of 1
  • Gary Aiken

    Gary Aiken

    Chief Investment OfficerCRD 5966206

Contacts

1 of 1
  • Jonathan Weatherly

    Jonathan Weatherly

    Partner, Wealth AdvisorCRD 4811385

Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 65

Active vs passive

$588M in ETFs

Passive

81%

$475M

Active

18%

$113M

ETFProviderStyleCategoryValueShares% of portfolio
STATE STREET(R) SPDR(R) PORTFOLIO DEVELOPED WORLD EX-US ETF (SPDW)State StreetPassiveForeign Large Blend$37.4M741,2836.35%

Location

Primary office

Abingdon, VA

Washington

Location

Abingdon, VA

Headquartered in Abingdon, VA, anchoring the Johnson City-Kingsport-Bristol, TN-VA metro in the South.

Metro area
Johnson City-Kingsport-Bristol, TN-VA
Region
South
County
Washington
Address
955 W Main St
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth