Mount Ararat Financial Services LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Mount Ararat Financial Services LLC provides financial planning, fund selection, and ongoing advisory services targeted to Armenian‑American individuals and also offers a Fractional Chief Investment Officer service to other investment advisory firms. The brochure describes a suite of services including a one‑time comprehensive financial plan, a quarterly subscription or hourly ongoing planning option, an Investment Fund Selection Service, and a complimentary Morningstar Direct screening to identify mutual funds and ETFs with exposure to Azerbaijan or Turkey.
The firm’s stated investment approach centers on Strategic Asset Allocation informed by Modern Portfolio Theory, with advice delivered primarily in a non‑discretionary form rather than through delegated trading authority. The brochure notes the firm does not take custody or investment discretion over client accounts and generally issues recommendations and implementation guidance while clients retain execution choices and custodial relationships.
Several features in the brochure distinguish Mount Ararat Fin Svc from many independent peers: it reports $350,615 in non‑discretionary assets and zero discretionary assets, discloses fee arrangements that are fixed, hourly, or subscription‑based rather than percentage‑of‑AUM, and has added a Fractional CIO offering for other advisers. The firm also documents a policy and screening focus to avoid recommending investments in Azerbaijan or Turkey and discloses the use of testimonials in its advertising, which are both uncommon attributes for firms in this category.
Client services
Expertise
Occupation focus
Demographic focus
Fee options
Investment Fund Selection Service: $95 per fund replaced (negotiable); Comprehensive Financial Plan Development Service: $1,795 to $2,995 (negotiable)
Fractional Chief Investment Officer Service: $265 to $295 per hour (negotiable); Hourly Financial Advice: $265 to $295 per hour (negotiable)
Ongoing Financial Planning Service quarterly subscription between $1,795 and $2,995 per quarter (negotiable)
Main office
Washington DC
Advisors at this office
1
Most active in
District of Columbia
Also doing business as
Dr. Nanigian Financial Services, LLC · Mount Ararat Financial Services LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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