Pineno Levin & Ford Asset Management, Inc. (Richmond)


Pineno Levin & Ford Asset Management, Inc. is a large advisory firm based in Richmond. It manages $317.16 million of regulatory assets for 432 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Texas and Virginia.

Pineno Levin & Ford Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pineno Levin & Ford Asset Management: assets under management

The assets under management (AUM) of Pineno Levin & Ford Asset Management, Inc. is $317.16 million. The firm's AUM has grown by 107% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $309.07 million in discretionary accounts and $8.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $732.38 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $809.62 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% 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 Pineno Levin & Ford Asset Management, Inc. 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 Pineno Levin & Ford Asset Management 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 Pineno Levin & Ford Asset Management is high net worth individuals with 86 clients and $267.63 million of assets under management. Among the 6 most similar advisory firms, Pineno Levin & Ford Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $317.16 million for 137 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.

Pineno Levin & Ford Asset Management doesn't advise any private funds.

Careers at Pineno Levin & Ford Asset Management, Inc.

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 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
Francis Anthony Pineno Principal 1 Sep 1994 50% - 75% 363755
Jeffrey David Levin Chief compliance officer 1 Sep 1994 50% - 75% 1242982
Guy Wallace Ford Principal 1 Oct 1999 25% - 50% 1075442
John Richard Tashjian Principal 1 Nov 2003 Other 442770

Based in Richmond

The principal office where Pineno Levin & Ford Asset Management, Inc. performs its advisory services is located at 7275 Glen Forest Drive, Richmond, VA 23226, 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 804-288-3772 or by fax 804-288-6064. 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 pinenolevinford.com.