Advest, Inc. (Hartford)


Advest, Inc. is a large advisory firm based in Hartford. It manages $1.9 billion of regulatory assets for 7,828 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 47 other states.

Advest provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Advest: assets under management

The assets under management (AUM) of Advest, Inc. is $1.9 billion. The firm's AUM has grown by 32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.75 billion in discretionary accounts and $153.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $230.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $615.9 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Advest, 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.

Careers at Advest, Inc.

Allen George Botwinick has been acting as President since 1 Jan 1986. Pierce Fenner & Smith Incorporated Merrill Lynch joined the executive team most recently as the Parent Of Advest Group, Inc..

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
George Arthur Boujoukos Director 1 Jan 1977 Other 26882
James Robert Orvis C.o.o. 1 Jan 1977 Other 2149407
Martin Matthew Lilienthal C.f.o. 1 Jan 1977 Other 309609
Lee Gerard Kuckro C.l.o. 1 Jun 1978 Other 1318309
Jay Harvey Salkin Director 1 Jan 1984 Other 409393
Allen George Botwinick Director 1 Jan 1986 Other 845828
Philip Murray Skidmore Director 1 Jun 1986 Other 425746
Donald Joseph Cristo Director 1 Jan 1987 Other 57198
Edward Fernberger Director 1 Jan 1987 Other 206743
Grant Wilson Kurtz President/ceo 1 Jan 1988 Other 276849
Lawrence Forbes Mcintosh C.r.o.p. 1 Nov 1988 Other 1571279
John Hugh Shaughnessy Director 1 Feb 1990 Other 420421
Richard Edward Ryall Director 1 Jan 1991 Other 408065
James William Keim Director 1 Jan 1993 Other 266279
Paul Evenson Skydell Director 1 Jan 1993 Other 1218793
Bernard A G Taradash Director 1 Jan 1993 Other 442573
Stephen Monroe Hampton Director 1 Jan 1994 Other 501547
Ernest Robert Smith Director 1 Oct 1995 Other 2362379
William Randall Burns Director 1 Oct 1996 Other 36446
Garry Lee Hogan Director 1 Oct 1996 Other 1040707
Daniel Joseph Mullane Director 1 Oct 1996 Other 1246435
Kenneth Steven Hyne Director 1 Jan 1997 Other 1538271
Judith Anne Ferguson Mccann Director 1 Jan 1997 Other 809690
Donna Lee Sawan Director 1 Jan 1997 Other 1615720
Harry Michael Canavesi Director 1 Jan 1998 Other 718152
Gay Bender Foster Director 1 Jan 1998 Other 1136804
Steven Michael Nussbaum Director 1 Jan 1998 Other 1559371
James Benjamin Fellus Director 1 Jan 1999 Other 1224870
Michael Thomas Mayes Director 1 Jan 1999 Other 1896271
Robert David Meyers Director 1 Jan 1999 Other 1409245
James Martin Pucci Director 1 Jan 2000 Other 368585
Mary Anne Block Compliance officer 1 Feb 2000 Other 1559130
William Christian Freitag C.c.o. 1 Feb 2000 Other 1732667
Doran Michael Young Director 1 Jul 2000 Other 1220502
Christopher Redvers Wilkinson Director 1 Jul 2000 Other 864329
Allan Mark Fink Director - srop 1 Feb 2001 Other 207782
Inc. The Mony Group Parent company of advest, inc. 1 Feb 2001 75% - 100% 13-3976138
George Michael Bevis Director 1 Mar 2001 Other 1023463
James Edward Iii Barrett Director 1 Mar 2001 Other 1995035
Bernard Thomas Gacona Director 1 Mar 2001 Other 826785
James Pollock Jenkins Director 1 Mar 2001 Other 258022
Robert Thomas Jr Mikkelsen Director 1 Mar 2001 Other 1088430
Robert Fredrick Olsen Director 1 Mar 2001 Other 1265485
Allen Weintraub Director 1 Mar 2001 Other 462077
Michael James Vogelzang Director 1 Mar 2001 Other xxx-xx-xxxx
Allan Mark Fink Director 1 May 2001 Other 207782
Anthony Andre Morgan Srop 1 May 2001 Other 1033818
Allen George Botwinick Director 1 Nov 2001 Other 845828
Lee Gerard Kuckro C.l.o. 1 Nov 2001 Other 1318309
James Robert Orvis C.o.o. 1 Nov 2001 Other 2149407
Daniel Joseph Mullane President/private client group 1 Nov 2001 Other 1246435
Grant Wilson Kurtz Ceo 1 Nov 2001 Other 276849
Martin Matthew Lilienthal C.f.o. 1 Nov 2001 Other 309609
William Christian Freitag C.c.o. 1 Nov 2001 Other 1732667
Inc. The Mony Group Parent company of advest group, inc. 1 Nov 2001 75% - 100% 13-3976138
Alexandra Lebenthal Director 1 Nov 2001 Other 1638099
Inc. Advest Group Parent company of advest, inc. 1 Nov 2001 Other 06-0950444
Donna Lee Sawan C.f.o. 1 Apr 2002 Other 1615720
Joseph Dean Blair Director 1 Apr 2002 Other 1418103
William August Jr Cholawa Director 1 Apr 2002 Other 1684119
Kyle Christopher Burns Director 1 Mar 2003 Other 2387634
Daniel Joseph Mullane President 1 Apr 2003 Other 1246435
Scott John Doyle Srop 1 Aug 2003 Other 2100219
Donna Lee Sawan Director 1 Oct 2003 Other 1615720
Jason Howard Diamond C.f.o. 1 Oct 2003 Other 2320884
Randall Anthony Carbone Director 1 Jan 2004 Other 862150
Mark Albert Bilski Director 1 Jan 2004 Other 1317040
Daniel Joseph Mullane President and ceo 1 Jul 2004 Other 1246435
Inc. Axa Financial Parent of the mony group inc. 1 Jul 2004 75% - 100% 13-3623351
Kevin Robert Byrne Director 1 Sep 2004 Other 1975617
David Adam Horowitz Director 1 Sep 2004 Other 1827880
Jeffrey Michael James Director 1 Sep 2004 Other 257048
Sean Ward Farrell Director 1 Sep 2004 Other 1270847
Steven Anthony Ciccarello Director 1 Sep 2004 Other 1175464
Harold Victor Langlois Director 1 Sep 2004 Other 2939423
John Holmes Sr Wellington Director 1 Apr 2005 Other 1314741
Arthur James Wunder Director 1 Apr 2005 Other 603472

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Pierce Fenner & Smith Incorporated Merrill Lynch Parent of advest group, inc. 1 Dec 2005 75% - 100% 7691
Inc. Merrill Lynch & Co. Parent of merrill lynch, pierce, fenner & smith incorporated 1 Dec 2005 75% - 100% 13-2740599

Based in Hartford

The principal office where Advest, Inc. performs its advisory services is located at 90 State House Square, Hartford, CT 06103, which is also the mailing address of the firm. An additional office of the firm is in Aventura, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-509-1000 or by fax 860-509-2185. The normal business hours are 8:20 - 5:00 on Monday - Friday. You can find more information about the New York firm at www.advest.com.

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