Overview
The Adviser offers investment management services to separately managed accounts
(“Separate Accounts”) and serves as an investment advisor to one mutual fund (each a
“Client” and, collectively, the “Clients”). Additionally, the Adviser provides financial and
business advice to private funds managed by two affiliates, Concorde Capital Corporation
(“CCC”) and Omnimed Capital, LLC (OCC), both exempt reporting advisers. The Adviser
was founded in 1981 by Dr. Gary B. Wood. Dr. Wood, Mr. John A. Stetter, and Mr. Gregory
Wood are the principals of the Adviser, which is located in Texas.
We offer investment advisory services which include the initial and ongoing review of Client
portfolios considering the prevailing market conditions, the economic outlook and the
Client’s investment objectives. We offer advice on the following: equity securities of
exchange-listed securities; securities traded over-the-counter and foreign issuers; warrants;
corporate debt securities (including commercial paper); certificates of deposit; municipal
securities; mutual fund shares; exchange traded funds (ETFs); United States government
securities; options contracts on securities; and interests in partnerships investing in
technology, healthcare, precious metals, real estate and oil and gas interests.
The Adviser also serves as investment advisor to Concorde Funds, Inc. consisting of one
fund, Concorde Wealth Management Fund (the “Fund”). The Fund is a no-load, open-end
management investment company (commonly known as a mutual fund). The Fund is
primarily for advisory Clients and is not widely marketed. We furnish continuous investment
advisory services to the Fund and are primarily responsible for the day-to-day
investment
management of the Fund under the terms of the Investment Advisory Agreement with the
Fund.
The investment advisory services we offer are focused on the needs and objectives of
individual Clients. Recommendations on policy asset allocations are based on our investment
outlook, the Client’s investment time horizon, tax status, assets and liabilities outside our
management, employment/income status and other factors which may affect a Client’s risk
tolerance, objectives related to minimizing taxes or need for asset growth. Clients may
restrict trading activities on a limited number of individual securities, such as those connected
to the Client’s employer, but not on securities that we regularly invest in.
We offer financial advisory services including the initial analysis of and ongoing review of
a Client’s overall personal and financial circumstances from the perspective of cash flow,
capital flow, liquidity, debt structure, company benefits, investments, life, health and
property insurance, estate planning and taxes. Based on observations and Client requests, we
make financial planning recommendations to Clients.
Clients who invest in Separate Accounts may impose restrictions on investing in certain
securities or types of securities if the proposed restrictions are agreed to by us. The majority
of our Clients do not impose such restrictions, and Clients invested in mutual funds and
partnerships have no opportunity to impose any investment restrictions.
The Adviser does not currently participate in any wrap fee programs.
As of December 31, 2023, Concorde managed $288 million of Client assets on a
discretionary basis and $70 million on a non-discretionary basis.