Usi Advisors, Inc. (Glastonbury)


Usi Advisors, Inc. is a large advisory firm based in Glastonbury. It manages $17.65 billion of regulatory assets for 700 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 39 other states.

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Usi Advisors provides portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and seminars and consultations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Usi Advisors: assets under management

The assets under management (AUM) of Usi Advisors, Inc. is $17.65 billion. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is other assets, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Usi Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Michael Welz serves?

The firm provides services to charitable organizations, banking or thrift institutions, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Michael Welz is pension and profit sharing plans with 556 clients and $14.96 billion of assets under management. Among the 9 most similar advisory firms, Usi Advisors has the 2nd highest percentage of pension and profit sharing plans out of all clients.


The amount of regulatory assets under management is $17.6 billion for 697 clients. None of the firm’s clients are foreign persons or businesses.

Usi Advisors doesn't advise any private funds.

Careers at Usi Advisors, Inc.

The company employs 86 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 54 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Michael Welz has been acting as President since 1 Jun 2014. Sarah J Bruno joined the executive team most recently as the Chief Compliance Officer & Director Of Operations.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Inc. Usi Consulting Group Shareholder - 100% 1 Apr 1999 75% - 100% 06-1053228
Ernest Joshua Newborn Director & secretary 1 Apr 1999 Other 3154426
David Alan Hess Assistant treasurer 1 Apr 1999 Other 4308128
Douglas Joel Rubinstein Director 1 Jan 2000 Other 4378477
William Michael Tremko President 1 Mar 2003 Other 4495149
David Leslie Eslick Director 1 Apr 2003 Other 1771164
Robert Samuel Schneider Treasurer / director 1 Apr 2003 Other 4650730
James Albert Kinney Director 1 Oct 2004 Other 2491441
Christopher Jon Rowlins Senior investment strategist, vp 1 Oct 2004 Other 2115260
Janice Sue Charles Director of compliance 1 Oct 2004 Other 1237662
Kenneth Steven Hyne Chief compliance officer 1 Oct 2005 Other 1538271
Christopher Jon Rowlins President 1 Mar 2006 Other 2115260
James Albert Kinney Chief executive officer 1 Oct 2007 Other 2491441
David Alan Hess Treasurer 1 Oct 2007 Other 4308128
Sarah J Bruno Chief compliance officer 1 Jan 2010 Other 5090813
Kenneth Steven Hyne President & treasurer 1 Jan 2010 Other 1538271
Michael Welz President 1 Jun 2014 Other 4308110
William Michael Tremko Ceo 1 Jun 2014 Other 4495149
Susan Meredith Fullwood Treasurer 1 Jun 2014 Other 5842873
Michael Nmn Welz President 1 Jun 2014 Other 4308110
Usic Investment Group Inc. Shareholder 1 May 2017 75% - 100% 82-1418497
Sarah J Bruno Director of operations 1 May 2017 Other 5090813
Todd Christian Mcmahon Chief compliance officer 1 May 2017 Other 4855223
Sarah J Bruno Chief compliance officer & director of operations 1 Sep 2017 Other 5090813

Indirect Owners

The SEC currently registers 30 indirect owners.

Name Entity Date acquired Ownership Employer ID
Usi Insurance Services Llc 100% shareholder of usi consulting group, inc. 1 Oct 1981 75% - 100% 13-3771734
Gerald Wilfred Schwartz Shareholder 1 Jan 1984 50% - 75% 416275
Inc. Usi 100% shareholder of usi insurance services llc 1 Apr 1994 75% - 100% 61-1521458
Usi Holdings Corporation Shareholder - 100% 1 Apr 1994 75% - 100% 13-3771733
Usi Insurance Services Corporation Shareholder - 100% 1 Aug 1996 75% - 100% 13-3771734
Usi Services Corporation Shareholder - 100% 1 Aug 1996 75% - 100% 13-3771734
Usi Insurance Services Llc 100% shareholder of usi consulting group, inc. 1 Aug 1996 75% - 100% 13-3771734
Onex American Holdings Ii Llc Shareholder 1 Dec 2002 25% - 50% 55-0815136
Onex Corporation Shareholder 1 Dec 2002 75% - 100% 98-0226660
Onex Corporation Shareholder 1 Jun 2003 75% - 100% 98-0226660
L.L.C Gs Advisors Vi General partner of gs capital partners vi offshore, l.p. 1 Aug 2006 Other 13-3797350
Compass Investors Inc. 100% shareholder of compass acquisition holdings inc. 1 Feb 2007 75% - 100% 61-1521458
L.L.C. Gs Capital Partners Vi Employee Funds Gp General partner of gs capital partners vi emplyee master fund, l.p. 1 Feb 2007 Other 13-4019460
L.P. Gs Capital Partners Vi Employee Master Fund Limited partner of gs capital partners vi fund, l.p. 1 Feb 2007 25% - 50% 98-0525608
L.P. Gs Capital Partners Vi Offshore Limited partner of gs capital partners vi offshore fund, l.p. 1 Feb 2007 75% - 100% 83-0469632
L.P. Gs Capital Partners Vi Limited partner of gs capital partners vi fund, l.p. 1 Feb 2007 50% - 75% 43-2115553
L.L.C. Gscp Vi Advisors General partner of gs capital partners vi fund, l.p. 1 Feb 2007 Other 20-8449884
L.L.C. Gscp Vi Offshore Advisor General partner of gs capital partners vi offshore fund, l.p. 1 Feb 2007 Other 83-0469632
L.P. Gs Capital Partners Vi Fund Shareholder of compass investors inc. 1 Mar 2007 50% - 75% 20-8450069
L.P. Gs Capital Partners Vi Offshore Fund Shareholder of compass investors inc. 1 Mar 2007 25% - 50% 98-0522770
Compass Acquistion Holdings Corporation Shareholder of usi holdings corporation 1 May 2007 75% - 100% 32-0194550
Onex Partners Gp Inc. General partner 1 Apr 2008 Other 20-0434243
Onex Partners Iii Gp Lp General partner 1 Apr 2008 Other 26-2429237
Onex Partners Iii Lp Shareholder 1 Apr 2008 50% - 75% 26-2429367
Onex Usi Holdings Corp. 100% shareholder of usi, inc. 1 Dec 2012 75% - 100% 99-0382762
Onex Partners Iii Lp Shareholder 1 Dec 2012 50% - 75% 26-2429367
Onex American Holdings Ii Llc Shareholder 1 Dec 2012 25% - 50% 55-0815136
Onex Usi Holdings Corp. 100% shareholder of usi, inc. 1 Jan 2013 75% - 100% 99-0382762
Inc. Usi 100% shareholder of usi insurance services llc 1 Aug 2013 75% - 100% 61-1521458
Usir Management Llc Class a shareholder 1 May 2017 Other 82-1454063

Based in Glastonbury

The principal office where Usi Advisors, Inc. performs its advisory services is located at 95 Glastonbury Blvd., Glastonbury, CT 06033, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-633-5283 or by fax 610-537-2898. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at usicg.com/ias/services-ias-index.asp.