Allegheny Financial Group Ltd (Pittsburgh)

Name: Allegheny Financial Group Ltd
Address: Stone Quarry Crossing, Pittsburgh, PA, 15237
Telephone: 412-367-3880

Allegheny Financial Group Ltd is a large advisory firm based in Pittsburgh. It manages $2.36 billion of regulatory assets for 6,457 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 43 other states.

Allegheny Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Allegheny Financial Group: assets under management

The assets under management (AUM) of Allegheny Financial Group Ltd is $2.36 billion. The firm's AUM has grown by 103% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.19 billion in discretionary accounts and $178.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $390.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $208.43 thousand.

Allegheny Financial Group has custody of $261.13 million in cash and securities for 120 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in pooled investment vehicles form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Allegheny Financial Group Ltd for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Joseph Browne serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of James Joseph Browne is high net worth individuals with 601 clients and $1.61 billion of assets under management. Among the 10 most similar advisory firms, Allegheny Financial Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.36 billion for 1,978 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.

Allegheny Financial Group also advises several private funds. Namely, six hedge funds and one real estate fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Allegheny Financial Group Ltd

The company employs 99 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 23 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.

James Joseph Browne has been acting as President since 1 Nov 1976. David Michael Jeter joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Joseph Browne	Director	1 Nov 1976	Other	33228
James Dillon Hohman	Director	1 Nov 1976	Other	248192
Joseph M Dicarlo	Director	1 May 1985	Other	707619
Philip Michael Gallagher	Secretary/director	1 May 1985	Other	857266
Karl G Smrekar	Director	1 Jul 1997	Other	1280168
Norbert John Marinack	Director	1 Jul 1997	Other	1248104
Mark Andrew Ganung	President/ceo	1 Jul 1999	Other	1481353
Harry George Harper	Chief compliance officer	1 Oct 2000	Other	1197481
Susan D. Schellin	President/ceo	1 Oct 2002	Other	4610750
Robin Marie Miller	Chief compliance officer/vp	1 Oct 2002	Other	1899745
Rom Steven Hurst	Director	1 Mar 2004	Other	2574391
Aimee Anne Toth	Chief compliance officer	1 Mar 2006	Other	5079628
Brandon James Haynes	Director/president	1 Feb 2007	Other	3101940
Jonathan A Kuhn	Director	1 Feb 2007	Other	2560067
Jennifer Susan Schrauder	Director	1 Feb 2007	Other	2758354
Raymond Louis Schutzman	Director	1 Feb 2007	Other	1015962
Deborah Ann Turek	Director	1 Feb 2007	Other	2193600
Michael Anthony Montileone	Director	1 Nov 2007	Other	2017882
Ralph Samuel Boyd	Director	1 Nov 2007	Other	3034257
Darin Bryce Hawn	Director	1 Jun 2011	Other	3204556
Stephen Francis Kutlenios	Director	1 Jul 2013	Other	723068
Stephen Turner Hawbaker	Cco	1 Jan 2015	Other	4752583
Mark Angelo Manetti	Director	1 Jul 2015	Other	4760810
David Michael Jeter	Director	1 Jul 2017	Other	2178135

Based in Pittsburgh

The principal office where Allegheny Financial Group Ltd performs its advisory services is located at Stone Quarry Crossing, Pittsburgh, PA 15237, 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 412-367-3880 or by fax 412-367-8353. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at alleghenyfinancial.com and its LinkedIn profile.