Bogart Wealth, Llc (Mclean)
Bogart Wealth, Llc Is a Large Advisory Firm Based in Mclean. It Manages $748.14 Million of Regulatory Assets for 2,200 Client Accounts. It Has Been Registered...
Bogart Wealth, LLC is a large advisory firm based in Mclean. It manages $748.14 million of regulatory assets for 2,200 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 13 other states.
Bogart Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.
Bogart Wealth: assets under management
The assets under management (AUM) of Bogart Wealth, LLC is $748.14 million. The firm's AUM has grown by 70% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $517.27 million in discretionary accounts and $230.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $457.36 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $215.96 thousand.
Bogart Wealth has custody of $16.54 million in cash and securities for 31 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 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 44% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.
