Pittenger & Anderson Inc (Lincoln)


Pittenger & Anderson Inc is a large advisory firm based in Lincoln. It manages $1.48 billion of regulatory assets for 1,229 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, Colorado, Florida, and 8 other states.

Pittenger & Anderson provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pittenger & Anderson: assets under management

The assets under management (AUM) of Pittenger & Anderson Inc is $1.48 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 164% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.48 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.2 million each.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is state and local bonds, which make up 10% of the firm’s portfolio. Investments in investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pittenger & Anderson Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Daniel L Anderson serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Daniel L Anderson is corporations or other businesses with 20 clients and $790.94 million of assets under management. Among the 11 most similar advisory firms, Pittenger & Anderson has the 2nd highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $1.48 billion for 594 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Pittenger & Anderson doesn't advise any private funds.

Careers at Pittenger & Anderson Inc

The company employs 12 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 12 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 don’t receive compensation from other entities for client referrals.

Daniel L Anderson has been acting as President since 1 Jul 1996. Kristin M Kliewer joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James S Pittenger Chairman 1 Apr 1995 25% - 50% 818823
Julie Moreland Pittenger Director 1 Apr 1995 Other 4390566
Daniel L Anderson President/cfo 1 Jul 1996 25% - 50% 1430537
Sue Ann Anderson Director 1 Jul 1996 Other 4390593
Diane Lynn Klein Vice president/chief compliance officer 1 Jul 2006 Other 4519237
Diane Lynn Klein Vice president 1 Mar 2012 Other 4519237
Jon Justin Sevenker Vice president 1 Mar 2012 Other 2865411
Shane Michael Riley Investment officer 1 Mar 2012 Other 5932686
Blake Alan Anderson Investment officer 1 Jan 2014 Other 6293121
James S Pittenger Vice president 1 Jan 2014 Other 4681560
Kristin M Kliewer Chief compliance officer 1 Dec 2018 Other 6238875

Based in Lincoln

The principal office where Pittenger & Anderson Inc performs its advisory services is located at 5533 S. 27 Th Street, Lincoln, NE 68512, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 402-328-8800 or by fax 402-328-8500. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at pittand.com.