Albion Management Group (Salt Lake City)

Name: Albion Management Group
Address: 812 East 2100 South, Salt Lake City, UT, 84106
Telephone: 801-487-3700

Albion Management Group is a large advisory firm based in Salt Lake City. It manages $978.58 million of regulatory assets for 1,826 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Hawaii, and 13 other states.

Albion Management Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Albion Management Group: assets under management

The assets under management (AUM) of Albion Management Group is $978.58 million. The firm's AUM has grown by 145% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $898.31 million in discretionary accounts and $80.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $547.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $436.21 thousand.

Albion Management Group has custody of $371.45 million in cash and securities for 139 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Albion Management Group for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Quincy Bird serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of John Quincy Bird is high net worth individuals with 129 clients and $634.42 million of assets under management. Among the 8 most similar advisory firms, Albion Management Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $978.58 million for 655 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.

Albion Management Group also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Albion Management Group

The company employs 25 people that are either part- or full-time employees. 28 percent of the employees work as investment advisers or researchers. 14 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.

John Quincy Bird has been acting as President since 1 Jun 2001. Mason Laird Woolf joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Tobias Levitt	President	1 Dec 1982	50% - 75%	1252930
John Quincy Bird	Vice president	1 Dec 1984	25% - 50%	1252937
Debra Rae Knotts	Secretary/treasurer/vice president	1 Jul 1990	Other	1759748
Debra Knotts	Secretary/treasurer	1 Jul 1990	Other	1759748
William Tobias Levitt	Chairman, ceo	1 Jun 2001	50% - 75%	1252930
John Quincy Bird	President	1 Jun 2001	25% - 50%	1252937
Kimberly Marsh Bloom	Chief compliance officer	1 Sep 2004	Other	4858263
John P Bergerson	Chief compliance officer	1 Mar 2005	Other	3210629
John Palmer Bergerson	Chief compliance officer	1 Mar 2005	Other	xxx-xx-xxxx
Douglas Allen Wells	Partner	1 Jan 2009	Other	4996428
Mason Laird Woolf	Chief compliance officer	1 Aug 2015	Other	3192317

Based in Salt Lake City

The principal office where Albion Management Group performs its advisory services is located at 812 East 2100 South, Salt Lake City, UT 84106, 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 801-487-3700 or by fax 801-487-3766. The normal business hours are 7:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at albionfinancial.com.