Optifour Integrated Wealth Management, LLC (Mclean)

Name: Optifour Integrated Wealth Management, LLC
Address: 7601 Lewinsville Rd, Mclean, VA, 22102
Telephone: 703-847-0965

Optifour Integrated Wealth Management, LLC is a large advisory firm based in Mclean. It manages $301.78 million of regulatory assets for 1,015 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Connecticut, and 7 other states.

Optifour Integrated Wealth Management provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Optifour Integrated Wealth Management: assets under management

The assets under management (AUM) of Optifour Integrated Wealth Management, LLC is $301.78 million. The firm's AUM has grown by 39% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $267.91 million in discretionary accounts and $33.87 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $317.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $198.08 thousand.

Optifour Integrated Wealth Management has custody of $21.81 million in cash and securities for 19 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is state and local bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Optifour Integrated Wealth Management, LLC 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 Optifour Integrated Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Optifour Integrated Wealth Management is high net worth individuals with 129 clients and $266.67 million of assets under management. Among the 8 most similar advisory firms, Optifour Integrated Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $301.78 million for 251 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.

Optifour Integrated Wealth Management doesn't advise any private funds.

Careers at Optifour Integrated Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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 compensates 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
Irwin Mark Cohen	Principal and manager	1 Jan 1996	50% - 75%	2970697
Weston Dyer Burnett	Chief compliance officer	1 Jun 2001	50% - 75%	4395879

Based in Mclean

The principal office where Optifour Integrated Wealth Management, LLC performs its advisory services is located at 7601 Lewinsville Rd, Mclean, VA 22102, 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 703-847-0965 or by fax 703-847-8902. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at optifour.com.