Acorn Financial Advisory Services, INC.
Assets Under Management
$1.2B
Number of Clients
2,352
Number of Advisors
16
Average Client AUM
$525K
AUM per Advisor
$77.2M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Acorn Financial Advisory Services (AFAS) offers personalized financial planning and investment management to individuals, families, pension plans, trusts, estates, charitable organizations, and small businesses. They provide advice through consultations, covering various financial aspects. AFAS uses different platforms for investment management, including direct management, Buckingham Strategic Partners, and Assetmark.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.0M | 1.70% |
| $1.0M - $5.0M | 1.00% |
| $5.0M - $10.0M | 0.80% |
| $10.0M - $20.0M | 0.70% |
| $20.0M - $50.0M | 0.60% |
| $50M+ | 0.50% |
Fee Estimator
AFAS charges fees for financial planning, maintenance contracts, and portfolio management. Financial planning fees range from $2,400 to $5,000,000. Hourly rates for advisors are $595-$1,095, and staff time is $155/hour (minimum 2-hour charge). Portfolio management fees are based on a percentage of assets under management, as detailed in the fee table. Additional fees may apply for brokerage services and third-party platforms like Buckingham Strategic Partners. Subadvisory services range from 0.25% to 1.50%.
Areas of Practice
Location
1900 Campus Commons Drive, Suite 600, Reston, VA, 20191