Redmond Asset Management, LLC

RIASEC RegisteredEst. 2005

Total AUM

$537M

Discretionary

$508M

95% of AUM

Avg account

$738K

Accounts

728

Employees

Advisory reps

Firm details

Headquarters: Henrico, Virginia
CRD number: 138706
Registered since: December 21, 2005
Website: www.redmondassetmanagement.com
Custodians: CHARLES SCHWAB & CO., INC., PERSHING LLC, NATIONAL FINANCIAL SERVICES LLC, THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION
Fee structure: Percentage of AUM
Client types: HNWI69.7%
Individuals10.91%
Insurance Companies10.63%
Corporations / Businesses5.47%
Charitable Organizations2.74%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Redmond Asset Management, LLC is an independent registered investment adviser organized as an LLC and operating since 2005. The firm is individually owned and charges clients on a percentage-of-AUM basis. Its client mix includes high-net-worth individuals and families as well as institutional accounts. Core advisory services are financial planning and discretionary portfolio management for individuals, small businesses, and institutions. The firm does not market itself as an ESG investor, is not structured as a multi-state or newly formed adviser, and does not identify as a pension consultant or related adviser. Redmond is not a capital allocator in the sense of running its own external capital programs; instead it sources investments, including alternatives, through third-party managers.