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CFP

Philip Simonides

Madison Avenue Securities, LLC
37 Years of Experience
Vienna, VA
1 DisclosureBrokerSells Insurance
View SEC Summary
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Philip Simonides is a CFP-designated registered investment advisor at Madison Avenue Securities, LLC, based in Vienna, VA, with 37 years of industry experience. Philip is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 3 more. Their firm serves 14,099 clients with $2B in assets under management.

Madison Avenue Securities, LLC
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
246 advisors
Number of Clients
14,099 clients
Average Client Portfolio
$143K average
Assets Under Management
$2.0B

Fee Structure

Minimum Investment:$10K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Maximum fee rates vary by program, up to 2.00% for Fee Plus Transaction, AE Wealth Management, and Envestnet programs, and up to 2.25% for the Standard and Low-Minimum Wrap programs. Fees are negotiable and set by individual representatives.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

8000 Towers Crescent Dr, 13th Floor, Vienna, VA, 22182

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
February 2025
Pending
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Philip is an IAR/Financial Advisor at McAdam LLC, a registered investment advisor, dedicating full-time hours. He also sells insurance, including fixed annuities, through McAdam Institutional Brokerage as needed, and volunteers as a charity auctioneer.

Employment History
Current Registrations
Madison Avenue Securities, LLCBroker
January 2025 - Present · 1 yr 9 mos
Mcadam LLC
October 2014 - Present · 12 yrs
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
October 2014 - January 2025 · 10 yrs 3 mos
Voya Financial Advisors, INC.
March 2011 - October 2014 · 3 yrs 7 mos
Voya Financial Advisors, INC.Broker
February 2011 - October 2014 · 3 yrs 8 mos
Ameriprise Advisor Services, INC.
April 2009 - October 2009 · 6 mos
Ameriprise Advisor Services, INC.Broker
April 2009 - October 2009 · 6 mos
Ameriprise Financial Services, INC.
November 1999 - March 2011 · 11 yrs 4 mos
Ids Life Insurance CompanyBroker
June 1988 - July 2006 · 18 yrs 1 mo
Ameriprise Financial Services, INC.Broker
June 1988 - March 2011 · 22 yrs 9 mos
State Registrations2 states
TXVA
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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