Sargent Investment Group, LLC (Bethesda)

Name: Sargent Investment Group, LLC
Address: 7250 Woodmont Ave., Bethesda, MD, 20814
Telephone: 1-202-580-6400

Sargent Investment Group, LLC is a large advisory firm based in Bethesda. It manages $752.45 million of regulatory assets for 859 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Connecticut, and 17 other states.

Sargent Investment Group provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sargent Investment Group: assets under management

The assets under management (AUM) of Sargent Investment Group, LLC is $752.45 million. The firm's AUM has gone down by -12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $276.38 million in discretionary accounts and $476.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $675.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.06 million.

Sargent Investment Group has custody of $554.2 million in cash and securities for 583 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sargent Investment Group, LLC for their services and products based on a percentage of assets under management 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 Sargent Investment Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Sargent Investment Group is high net worth individuals with 229 clients and $676.37 million of assets under management. Among the 9 most similar advisory firms, Sargent Investment Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $752.45 million for 348 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.

Sargent Investment Group doesn't advise any private funds.

Careers at Sargent Investment Group, LLC

The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 9 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Smith Sargent	Partner	1 May 2018	25% - 50%	410969
Ricardo Martin Rosenberg	Partner	1 May 2018	Other	728493
Brian Douglas Mcgregor	Partner	1 May 2018	25% - 50%	4694197
Teresa Marie Schafer	Chief compliance officer	1 Jun 2018	Other	1657564

Based in Bethesda

The principal office where Sargent Investment Group, LLC performs its advisory services is located at 7250 Woodmont Ave., Bethesda, MD 20814, 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 1-202-580-6400 or by fax 1-202-580-6410. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at sargentinvestmentgroup.com and its LinkedIn profile.