Hedge Fund Database

FAI WEALTH MANAGEMENT

FINANCIAL ADVANTAGE INC Legal Name

Adviser information for FAI WEALTH MANAGEMENT last updated from Form ADV on March 22nd, 2023. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Corporation
Fiscal Year End DECEMBER
Legal Location Maryland, United States

Employees

Total Number of Employees 8
Investment Advisory/Research 3
Registered Broker-Dealer Representatives 0
Registered State Investment Advisers 2
Licensed Agents of an Insurance Company 0
No. of Firms/People that Solicit Clients 0

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 672 $282.5M
Non-Discretionary 0 $0
Total 672 $282.5M

Clients

Type Number RAUM
Individuals 79 $48.4M
HNW Individuals 110 $234.1M
Banking or thrift institutions 0 $0
Investment companies 0 $0
Business development companies 0 $0
Pooled investment vehicles 0 $0
Pension and profit sharing plans 0 $0
Charitable organizations 0 $0
State or municipal gov entities 0 $0
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 0 $0
Other 0 $0
Type Number
No. of Non-RAUM Clients 11
No. of Non-U.S. Clients 1
No. of Financial Planning Clients 101-250

Services

Advisory Services Financial planningPortfolio management for individuals and/or small businessesPension consulting services
Compensation % of AUMHourly chargesFixed fees

Identifiers

SEC RIA File Number 801-31624
SEC ERA File Number 801-31624
SEC CIK Numbers 1518320
SEC CRD Numbers 104610
Legal Entity Identifier None

Principal Office

10211 WINCOPIN CIRCLE
SUITE 220
COLUMBIA
MD
United States
Monday - Friday, 8:30 AM TO 4:30 PM
Tel: 410-715-9200, Fax: 410-715-9202

Websites

www.instagram.com/faiwealthmgmt/ www.faiwealth.com/ www.facebook.com/investfai/ www.linkedin.com/company/fai-wealth-management twitter.com/faiwealthmgmt

Chief Compliance Officer

ANDREW SMITH
CHIEF OPERATING OFFICER, VICE PRESIDENT
10211 WINCOPIN CIRCLE
SUITE 220
COLUMBIA
MD
United States
Tel: 410-715-9200
Fax: 410-715-9202
(Full email address available in API data)

Regulatory Contact

DIANA SCHNEIDER
OFFICE MANAGER
10211 WINCOPIN CIRCLE
SUITE 220
COLUMBIA
MD
United States
Tel: 410-715-9200
Fax: 410-715-9202
(Full email address available in API data)

Industry Affiliates

None

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
None

Control Persons

Name Type Entity Title Since Ownership
GROSS, CURTIS, RICHARD Individual – CHIEF INVESTMENT OFFICER/CHAIRMAN 01/2013 50-75%
SMITH, ANDREW, LEE Individual – VICE PRESIDENT, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER 01/2014 25-50%
STINSON, MARK, O'NEAL Individual – PRESIDENT 03/2016 10-25%

No. Employees, Historic

201002020202120222023202412 on 3/30/202012 on 5/19/202012 on 8/27/20209 on 3/22/20219 on 7/12/20219 on 10/7/20219 on 3/17/20228 on 3/22/2023

RAUM, Historic

400M200M020202021202220232024389274037 on 3/30/2020389274037 on 5/19/2020389274037 on 8/27/2020297733364 on 3/22/2021297733364 on 7/12/2021297733364 on 10/7/2021318130095 on 3/17/2022282526582 on 3/22/2023

No. Clients, Historic

300150020202021202220232024231 on 3/30/2020231 on 5/19/2020231 on 8/27/2020186 on 3/22/2021186 on 7/12/2021186 on 10/7/2021190 on 3/17/2022189 on 3/22/2023

Holdings

From latest 13F, filed November 7th, 2023 for period ending September 30th, 2023
Name Class Value $USD # Shares Private Fund
3M CO COM 965K 10K –
ALPHABET INC CAP STK CL C 5M 37K –
ARCH CAP GROUP LTD ORD 2M 29K –
ARES CAPITAL CORP COM 2M 80K –
AT&T INC COM 998K 66K –
BOOKING HOLDINGS INC COM 3M 1K –
BRISTOL-MYERS SQUIBB CO COM 3M 51K –
CISCO SYS INC COM 3M 51K –
DISNEY WALT CO COM 3M 34K –
EXXON MOBIL CORP COM 251K 2K –
F N B CORP COM 3M 241K –
FOX CORP CL A COM 2M 50K –
GLOBAL PMTS INC COM 2M 16K –
HARTFORD FDS EXCHANGE TRADED TOTAL RTRN ETF 500K 16K –
ISHARES TR MBS ETF 229K 3K –
ISHARES TR EXPANDED TECH 6M 18K –
KINDER MORGAN INC DEL COM 2M 136K –
MEDTRONIC PLC SHS 2M 22K –
NEXTERA ENERGY INC COM 236K 4K –
QUEST DIAGNOSTICS INC COM 2M 13K –
REGENCY CTRS CORP COM 1M 21K –
RTX CORPORATION COM 2M 24K –
SMUCKER J M CO COM NEW 2M 14K –
SOUTHERN CO COM 2M 28K –
SPDR GOLD TR GOLD SHS 6M 38K –
SPDR SER TR S&P BIOTECH 2M 23K –
SYSCO CORP COM 2M 23K –
TJX COS INC NEW COM 3M 37K –
UNION PAC CORP COM 2M 9K –
US BANCORP DEL COM NEW 2M 48K –
VANGUARD INDEX FDS LARGE CAP ETF 242K 1K –
VANGUARD SCOTTSDALE FDS INT-TERM CORP 234K 3K –
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 307K 4K –