Armstrong Advisory Group's AUM Soars 473% to $1B: Form ADV Insights

July 20, 2023

Armstrong Advisory Group Inc. (AAG), a registered investment advisory firm with the U.S. SEC, is primarily owned by Michael Armstrong, Brendan K. Hayes, Susan Powers, and Charles A. Zodda. The firm provides wealth management services to various client types, acting as a fiduciary.

By regular personal interaction, AAG crafts custom portfolio strategies based on clients' investment goals, risk tolerance, and financial situations, mainly investing in exchange-traded funds and institutional mutual funds. As of December 31, 2022, AAG managed $1.02B in assets, largely on a discretionary basis across 3,383 accounts.

Armstrong Advisory Group Inc. (AAG) experienced noteworthy changes according to its Form ADV filings from June 2022 to July 2023. The firm's total Assets Under Management (AUM) saw a significant increase from $177.8M to $1.02B, reflecting a growth of 473.58%.

Concurrently, the total number of accounts managed by the firm expanded significantly, from 111 to 3,386. Despite these substantial shifts in AUM and account numbers, the firm's employee count remained decreased from 28 to 25. 


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