Mid Atlantic Securities, Inc. (Raleigh)

Name: Mid Atlantic Securities, Inc.
Address: 4001 Barrett Drive, Raleigh, NC, 27609
Telephone: 919-783-7787

Mid Atlantic Securities, Inc. is a large advisory firm based in Raleigh. It manages $131.07 million of regulatory assets for 398 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Louisiana, Nebraska, and 9 other states.

Mid Atlantic Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mid Atlantic Securities: assets under management

The assets under management (AUM) of Mid Atlantic Securities, Inc. is $131.07 million. The firm's AUM has grown by 304% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $81.77 million in discretionary accounts and $49.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $310.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $365.14 thousand.

Mid Atlantic Securities has custody of $550 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% 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 Mid Atlantic Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Mid Atlantic Securities serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mid Atlantic Securities is high net worth individuals with 37 clients and $77.49 million of assets under management. Among the 12 most similar advisory firms, Mid Atlantic Securities has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $131.07 million for 244 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.

Mid Atlantic Securities doesn't advise any private funds.

Careers at Mid Atlantic Securities, Inc.

The company employs 30 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 19 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Frederick Nash	Ceo-president	1 Oct 1986	25% - 50%	857426
James Bunyon Jr Glover	Secretary treasurer, chief financial officer, financial operations principal, options principal	1 Oct 1986	25% - 50%	1628301
John Mcfarland Gobble	Chief compliance officer - vice president	1 Dec 1991	Other	223346
Charles Evant Iii Hunter	Vice president	1 Dec 1995	Other	1143220
Brown And Overton Partnership	Shareholder	1 Jun 1999	Other	31-1244028
Blanchard Irving Granville	Shareholder	1 Sep 2001	Other	1272094
John Dominic Ii Zaleski	Shareholder	1 Jun 2006	Other	2599118
Elizabeth Tayloe Powell	Chief compliance officer	1 Feb 2009	Other	1240225
Rosilyn Hoffman Overton	Chief compliance officer of ria in ny	1 May 2009	Other	817462

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Donald Richard Brown	Partnership	1 Apr 1999	50% - 75%	1467787
Rosilyn Hoffman Overton	Partnership	1 Apr 1999	50% - 75%	817462

Based in Raleigh

The principal office where Mid Atlantic Securities, Inc. performs its advisory services is located at 4001 Barrett Drive, Raleigh, NC 27609, which is also the mailing address of the firm. An additional office of the firm is in Pinehurst, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 919-783-7787 or by fax 919-783-8825. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at masecurities.com.