Camg Solamere Management, LLC is a large advisory firm based in Charlotte. It manages $505.75 million of regulatory assets for 494 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Georgia, North Carolina, South Carolina, and Texas.
Camg Solamere Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Camg Solamere Management, LLC is $505.75 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1402% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Camg Solamere Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Bert Deems May is corporations or other businesses with 9 clients and $212.44 million of assets under management. Among the 2 most similar advisory firms, Camg Solamere Management has the highest percentage of corporations or other businesses out of all clients.
The amount of regulatory assets under management is $440.95 million for 188 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.
Camg Solamere Management doesn't advise any private funds.
The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 8 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.
Bert Deems May has been acting as President since 1 May 2009. Eric Mcclinton Teal joined the executive team most recently as the Chief Compliance Officer.
The principal office where Camg Solamere Management, LLC performs its advisory services is located at 6101 Carnegie Boulevard, Charlotte, NC 28209, 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 704-547-3100 or by fax 704-547-3101. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at solamereadvisors.com.