Andrews & Company (Grand Rapids)

Andrews & Company is a large advisory firm based in Grand Rapids. It manages $152.1 million of regulatory assets for 55 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Michigan.

Andrews & Company provides portfolio management for individuals and small businesses and consultation services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Andrews & Company: assets under management

The assets under management (AUM) of Andrews & Company is $152.1 million. The firm's AUM has grown by 19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $66.15 million in discretionary accounts and $85.95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.05 million.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Andrews & Company 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 Andrews & Company serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Andrews & Company is high net worth individuals with 39 clients and $149.95 million of assets under management. Among the 8 most similar advisory firms, Andrews & Company has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $152.1 million for 43 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.

Andrews & Company doesn't advise any private funds.

Careers at Andrews & Company

The company employs 2 people that are either part- or full-time employees. 100 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
Charles Edward Andrews	President and chief compliance officer	1 Oct 1992	75% - 100%	5840
Scott Edward Andrews	Vice-president	1 Feb 1997	Other	2679891

Based in Grand Rapids

The principal office where Andrews & Company performs its advisory services is located at 40 Pearl Street N.W., Grand Rapids, MI 49503, 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 616-458-3870 or by fax 616-459-6069. The normal business hours are 8:30 - 5:00 (et) on Monday - Friday.