Carmichael Hill & Associates Inc (Gaithersburg)

Name: Carmichael Hill & Associates Inc
Address: 18 East Diamond Ave, Gaithersburg, MD, 20877
Telephone: 301-217-9300

Carmichael Hill & Associates Inc is a large advisory firm based in Gaithersburg. It manages $175.79 million of regulatory assets for 663 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of District of Columbia, Louisiana, Maryland, and 3 other states.

Carmichael Hill & Associates provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Carmichael Hill & Associates: assets under management

The assets under management (AUM) of Carmichael Hill & Associates Inc is $175.79 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $175.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $265.14 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carmichael Hill & Associates Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 David Mayo Carmichael serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of David Mayo Carmichael is high net worth individuals with 55 clients and $110.72 million of assets under management. Among the 12 most similar advisory firms, Carmichael Hill & Associates has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $175.79 million for 178 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.

Carmichael Hill & Associates doesn't advise any private funds.

Careers at Carmichael Hill & Associates Inc

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Mayo Carmichael has been acting as President since 1 Jan 1989. James Howard Stewart joined the executive team most recently as the Chief Compliance Officer, President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Mayo Carmichael	President	1 Jan 1989	50% - 75%	1215540
James Howard Stewart	Chief compliance officer, president	1 Jan 2000	75% - 100%	3053760
James Stewart	Vice-president	1 Jan 2000	25% - 50%	3053760

Based in Gaithersburg

The principal office where Carmichael Hill & Associates Inc performs its advisory services is located at 18 East Diamond Ave, Gaithersburg, MD 20877, 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 301-217-9300 or by fax 301-591-4195. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at carmichael-hill.com.