Scott & Stringfellow, LLC is a large advisory firm based in Richmond. It manages $7.28 billion of regulatory assets for 11,630 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arkansas, and 42 other states.
Scott & Stringfellow provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 582 clients. On top of advisory services, the firm doesn't engage in other business activities.
Scott & Stringfellow: assets under management
The assets under management (AUM) of Scott & Stringfellow, LLC is $7.28 billion. The firm's AUM has grown by 184% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $6.46 billion in discretionary accounts and $820.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $704.11 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $334.69 thousand.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Scott & Stringfellow, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. 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.
