Andersen Tax LLC (Mclean)

Name: Andersen Tax LLC
Address: 1861 International Drive, Mclean, VA, 22102
Telephone: 571-382-0020

Andersen Tax LLC is a large advisory firm based in Mclean. It manages $1.87 billion of regulatory assets for 329 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Andersen Tax provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Andersen Tax: assets under management

The assets under management (AUM) of Andersen Tax LLC is $1.87 billion. $5.17 million of the total AUM is attributable to clients outside of the United States.

Andersen Tax has custody of $457.79 million in cash and securities for 320 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 42% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in state and local bonds form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Andersen Tax 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 Andersen Tax serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Andersen Tax is high net worth individuals with 288 clients and $1.43 billion of assets under management. Among the 10 most similar advisory firms, Andersen Tax has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.48 billion for 329 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Andersen Tax doesn't advise any private funds.

Careers at Andersen Tax LLC

The company employs 890 people that are either part- or full-time employees. 3 percent of the employees work as investment advisers or researchers. 9 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.

Peter Coscia joined the executive team most recently as the Managing Director/Board Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Lawrence Vorsatz	Chief executive officer/managing director	1 Jul 2002	Other	4610346
Morgan Lee Chong	Chief compliance officer	1 Dec 2007	Other	5470084
Andersen Tax Holdings Llc	Holding company	1 Dec 2007	75% - 100%	26-1437743
Daniel Gerald Depaoli	Managing director/board member	1 Dec 2007	Other	4495423
Joseph Karczewski	Managing director/board member	1 Dec 2007	Other	5483090
Susan Kay Swartz	Managing director/board member	1 Jan 2011	Other	5896198
Sid Luckenbach	Managing director/board member	1 Jan 2013	Other	6178445
Gerald Douglas Des Roches	Managing director/board member	1 Jan 2013	Other	2881437
Richard Wyman	Managing director/chief operating officer	1 Jan 2014	Other	6318078
David Kapnick	Managing director/chief financial officer	1 Mar 2014	Other	6318082
Peter Coscia	Managing director/board member	1 Jan 2018	Other	6932956
Frank Cassidy	Managing director/board member	1 Jan 2018	Other	6932959
Mary Duffy	Managing director/board member	1 Jan 2018	Other	6932964

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Md Management Llc	Managing member	1 Dec 2007	Other	06-1829680
Md Investment Llc	Holding company/member	1 Dec 2007	75% - 100%	06-1829681

Based in Mclean

The principal office where Andersen Tax LLC performs its advisory services is located at 1861 International Drive, Mclean, VA 22102, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 571-382-0020 or by fax 703-442-0181. The normal business hours are 9:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at andersentax.com.