Concorde Asset Management, LLC (Livonia)

Name: Concorde Asset Management, LLC
Address: 19500 Victor Parkway, Livonia, MI, 48152
Telephone: 248-824-6710

Concorde Asset Management, LLC is a large advisory firm based in Livonia. It manages $322.63 million of regulatory assets for 2,643 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 43 other states.

Concorde Asset 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 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Concorde Asset Management: assets under management

The assets under management (AUM) of Concorde Asset Management, LLC is $322.63 million. The firm's AUM has grown by 793% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $298.36 million in discretionary accounts and $24.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $119.83 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $158.59 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Concorde Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stephen Andrew Jackson serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Stephen Andrew Jackson is individuals with 2,584 clients and $271.32 million of assets under management. Among the 10 most similar advisory firms, Concorde Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $322.63 million for 2,643 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.

Concorde Asset Management doesn't advise any private funds.

Careers at Concorde Asset Management, LLC

The company employs 75 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 66 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.

Stephen Andrew Jackson has been acting as President since 1 Feb 2016. Danielle Leigh Kammeyer joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregory Alan Merritt	Managing member, chief compliance officer	1 Mar 2006	Other	1489718
Mark Gerard Kosanke	Managing member	1 Mar 2006	Other	2317906
Michael Edward Wolf	Manager	1 May 2011	Other	2230649
Inc. Concorde Holdings	Managing member	1 Jul 2011	75% - 100%	27-3306599
Kimberlee Elizabeth Levy	Manager and chief compliance officer	1 Nov 2013	Other	4065593
Kimberly Ann Ryan	Manager	1 Jan 2014	Other	4316310
Kelly Patricia Knight	Manager	1 Mar 2014	Other	2515260
John Herbert Gakenheimer	Manager	1 Oct 2014	Other	810171
Eric Paul Hornyak	Manager	1 Oct 2014	Other	3021265
Stephen Andrew Jackson	President	1 Feb 2016	Other	2532028
Kathleen Ann Hofer	Manager	1 Mar 2016	Other	1087639
Danielle Leigh Kammeyer	Chief operating officer	1 Sep 2017	Other	4901901

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jason Patrick Kavanaugh	Shareholder	1 Jul 2011	25% - 50%	2693303
Gregory Alan Merritt	Shareholder	1 Jul 2011	Other	1489718
Mark Gerard Kosanke	Shareholder	1 Jul 2011	Other	2317906
Michael Edward Wolf	Shareholder	1 Jul 2011	Other	2230649
John Herbert Gakenheimer	Shareholder	1 Jul 2011	Other	810171

Based in Livonia

The principal office where Concorde Asset Management, LLC performs its advisory services is located at 19500 Victor Parkway, Livonia, MI 48152, which is also the mailing address of the firm. An additional office of the firm is in Roseland, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-824-6710 or by fax 313-483-3402. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at concordeis.com.