Visionary Asset Management, Inc. (Houston)

Name: Visionary Asset Management, Inc.
Address: 2500 Wilcrest Drive, Houston, TX, 77042
Telephone: 866-940-4932

Visionary Asset Management, Inc. is a large advisory firm based in Houston. It manages $605.1 million of regulatory assets for 4,348 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Visionary Asset Management provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Visionary Asset Management: assets under management

The assets under management (AUM) of Visionary Asset Management, Inc. is $605.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 13798% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $605.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $139.17 thousand each.

Visionary Asset Management has custody of $60.21 million in cash and securities for 352 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 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Visionary Asset Management, Inc. for their services and products based on a percentage of assets under management. 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 Andrew Cassedy Miller serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Andrew Cassedy Miller is individuals with 4,084 clients and $502.9 million of assets under management. Among the 6 most similar advisory firms, Visionary Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $605.1 million for 4,348 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.

Visionary Asset Management doesn't advise any private funds.

Careers at Visionary Asset Management, Inc.

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people 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.

Andrew Cassedy Miller has been acting as President since 1 Dec 2010. Norman Carl Grant joined the executive team most recently as the Bod.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gordon Ralph Dangelo	Bod	1 Apr 2008	Other	1353120
Cary Joel Cowan	Bod	1 Apr 2008	Other	601492
David Lee Holtz	Bod	1 Apr 2008	Other	826629
Jeffrey Judd Saline	Bod	1 Apr 2008	Other	3239773
Arthur Daniel Farr	Bod	1 Apr 2008	Other	1136927
Susanna Joiner Schlangen	President	1 Apr 2008	Other	2831647
Glenn Charles Wiggle	Director	1 Apr 2008	Other	2730675
Inc. We2	Shareholder	1 Apr 2008	75% - 100%	26-0639432
Robert William Levitt	Chief compliance officer	1 Apr 2008	Other	2576873
Robert Philip Schlangen	Chief compliance officer	1 Jul 2008	Other	2939848
Cary Joel Cowan	Director	1 Nov 2008	Other	601492
Andrew Cassedy Miller	President	1 Dec 2010	Other	4384866
Andrew C Miller	Chief compliance officer/president	1 Dec 2010	Other	4384866
Rita Carol Defloreo	Chief compliance officer	1 Nov 2011	Other	1655762
David Lee Holtz	Director	1 Dec 2011	Other	826629
Norman Carl Grant	Director	1 Dec 2011	Other	812022
Arthur Daniel Farr	Director	1 Dec 2011	Other	1136927
Jeffrey Judd Saline	Director	1 Dec 2011	Other	3239773
Inc Next Financial Holdings	Owner	1 Jun 2013	75% - 100%	20-0959458
Marlana Arline Splettstosser	Chief compliance officer	1 Aug 2014	Other	4913560
Andrew Cassedy Miller	Chief compliance officer	1 Aug 2014	Other	4913560
Norman Carl Grant	Chairman	1 Jan 2015	Other	812022
Philip Francis Smith	Cfo	1 Mar 2015	Other	1565680
Norman Carl Grant	Bod	1 Dec 2017	Other	812022
Jeffrey Judd Saline	Chairman	1 Dec 2017	Other	3239773

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Next Financial Holdings	Owner	1 Apr 2008	75% - 100%	20-0959458

Based in Houston

The principal office where Visionary Asset Management, Inc. performs its advisory services is located at 2500 Wilcrest Drive, Houston, TX 77042, 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 866-940-4932 or by fax 713-333-2705. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at visionaryassetmanagement.com/.