Chitwood Advisory Group (Birmingham)

Name: Chitwood Advisory Group
Address: 4956 Valleydale Road, Ste 201, Birmingham, AL, 35242
Telephone: 205-980-8113

Chitwood Advisory Group is a large advisory firm based in Birmingham. It manages $66.52 million of regulatory assets for 84 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama and North Carolina.

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

Chitwood Advisory Group: assets under management

The assets under management (AUM) of Chitwood Advisory Group is $66.52 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $26.97 million in discretionary accounts and $39.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.04 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $681.85 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chitwood Advisory Group for their services and products based on a percentage of assets under management and hourly charges. 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.

Careers at Chitwood Advisory Group

Patrick Rankin Chitwood has been acting as President since 1 Jun 1990. Andrew Scott May joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Patrick Rankin Chitwood	President	1 Jun 1990	75% - 100%	871271
Andrew Scott May	Chief compliance officer	1 Jul 2006	Other	2410297

Based in Birmingham

The principal office where Chitwood Advisory Group performs its advisory services is located at 4956 Valleydale Road, Ste 201, Birmingham, AL 35242, which is also the mailing address of the firm. An additional office of the firm is in Ashville, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 205-980-8113 or by fax 205-991-7441. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at chitwoodadvisory.com.