Insight Folios Inc (Charlotte)

Name: Insight Folios Inc
Address: 13777 Ballantyne Corporate Place, Charlotte, NC, 28277
Telephone: 855-813-1818

Insight Folios Inc is a large advisory firm based in Charlotte. It manages $100.48 million of regulatory assets for 263 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Arizona, California, Massachusetts, and 7 other states.

Insight Folios provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Insight Folios: assets under management

The assets under management (AUM) of Insight Folios Inc is $100.48 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100.48 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $382.06 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in investment and business development companies form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Insight Folios 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 Paul Leonard Durso serves?

The firm provides services to individuals, other investment advisers, and high net worth individuals. The largest group of clients of Paul Leonard Durso is individuals with 238 clients and $60.66 million of assets under management. Among the 13 most similar advisory firms, Insight Folios has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $100.48 million for 263 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.

Insight Folios doesn't advise any private funds.

Careers at Insight Folios Inc

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Paul Leonard Durso has been acting as President since 1 Dec 2014. Charles Buddy Bowers joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Leonard Durso	President	1 Dec 2014	75% - 100%	4416551
Charles Buddy Bowers	Chief compliance officer	1 Jun 2016	Other	5882018

Based in Charlotte

The principal office where Insight Folios Inc performs its advisory services is located at 13777 Ballantyne Corporate Place, Charlotte, NC 28277, which is also the mailing address of the firm. An additional office of the firm is in Bedford, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 855-813-1818 or by fax 855-813-1818. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at dursocapital.com.