Asset Advisory Group Inc (Kinnelon)


Asset Advisory Group Inc is a large advisory firm based in Kinnelon. It manages $254.4 million of regulatory assets for 462 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, New Jersey, New York, and Pennsylvania.

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

Asset Advisory Group: assets under management

The assets under management (AUM) of Asset Advisory Group Inc is $254.4 million. The firm's AUM has grown by 378% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.57 million in discretionary accounts and $252.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $156.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $559.37 thousand.
Asset Advisory Group has custody of $23.13 million in cash and securities for 8 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 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Asset Advisory Group Inc for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Jeannette Aline Jones serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jeannette Aline Jones is high net worth individuals with 64 clients and $233.37 million of assets under management. Among the 5 most similar advisory firms, Asset Advisory Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $254.4 million for 140 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.

Asset Advisory Group doesn't advise any private funds.

Careers at Asset Advisory Group Inc

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 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.

Jeannette Aline Jones has been acting as President since 1 Jan 1997. Amanda Zoch Mcgrath joined the executive team most recently as the Vice President And Treasurer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jeannette Aline Jones Founder, chief compliance officer 1 Jan 1996 75% - 100% 1904708
Gregory Hamilton Jones Vp operations 1 Jan 1996 Other 2406079
Jeannette Aline Jones President 1 Jan 1997 75% - 100% 1904708
Gregory Hamilton Jones Vp & secretary 1 Jan 1997 25% - 50% 2406079
Paul Bernard Zoch President and chief compliance officer 1 Jan 1998 75% - 100% 727907
Gregory Hamilton Jones Chief compliance officer 1 Feb 2004 Other 2406079
Gregory Hamilton Jones Vp 1 Jan 2005 Other 2406079
Christine Lynn Carleton Secretary 1 Jan 2005 Other 2703600
Jeannette Aline Jones President, chief compliance officer 1 Sep 2010 75% - 100% 1904708
Gregory Hamilton Jones Vp operations 1 Sep 2010 Other 2406079
David E Workman Ii President, shareholder 1 Jan 2013 Other 5579070
Amanda Zoch Mcgrath Vice president and treasurer 1 May 2018 Other 5198869

Based in Kinnelon

The principal office where Asset Advisory Group Inc performs its advisory services is located at 170 Kinnelon Road, Suite 3, Kinnelon, NJ 07405, 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 973-492-0808 or by fax 973-492-1166. The normal business hours are 9:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at assetadvisorygroup.com.