Atwater Malick, LLC (Lancaster)

Name: Atwater Malick, LLC
Address: 3004 Hempland Road, Lancaster, PA, 17601
Telephone: (717) 400-1505

Atwater Malick, LLC is a large advisory firm based in Lancaster. It manages $215.5 million of regulatory assets for 612 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Pennsylvania and Texas.

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

Atwater Malick: assets under management

The assets under management (AUM) of Atwater Malick, LLC is $215.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 106% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $215.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $352.12 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Atwater Malick, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Atwater Malick serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Atwater Malick is high net worth individuals with 76 clients and $127.29 million of assets under management. Among the 10 most similar advisory firms, Atwater Malick has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $213.93 million for 185 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.

Atwater Malick doesn't advise any private funds.

Careers at Atwater Malick, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matthew Charles Malick	Managing member	1 Aug 2008	50% - 75%	4631713
Benjamin H. Atwater	Managing member	1 Aug 2008	50% - 75%	5588985
Benjamin H. Atwater	Chief compliance officer	1 Dec 2017	50% - 75%	5588985

Based in Lancaster

The principal office where Atwater Malick, LLC performs its advisory services is located at 3004 Hempland Road, Lancaster, PA 17601, 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 (717) 400-1505 or by fax (717) 798-9908. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at atwatermalick.com.