Robbins Financial Advisory Service Inc (Erie)


Robbins Financial Advisory Service Inc is a large advisory firm based in Erie. It manages $112.54 million of regulatory assets for 318 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Maryland, New York, and 3 other states.

Robbins Financial Advisory Service provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Robbins Financial Advisory Service: assets under management

The assets under management (AUM) of Robbins Financial Advisory Service Inc is $112.54 million. The firm's AUM has grown by 78% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $8.42 million in discretionary accounts and $104.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $647.46 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $341.38 thousand.
Robbins Financial Advisory Service has custody of $11.69 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 43% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Robbins Financial Advisory Service Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 James Harrison Robbins serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of James Harrison Robbins is high net worth individuals with 35 clients and $63.81 million of assets under management. Among the 11 most similar advisory firms, Robbins Financial Advisory Service has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $112.54 million for 136 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.

Robbins Financial Advisory Service doesn't advise any private funds.

Careers at Robbins Financial Advisory Service Inc

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Robbins Financial Advisory Service Inc is owned by Janice Kay Robbins. James Harrison Robbins has been acting as President since 1 Jan 2005.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Janice Kay Robbins Owner 1 Sep 1990 50% - 75% 6461264
James Harrison Robbins President 1 Sep 1990 75% - 100% 1133425
James Harrison Robbins President/chief compliance officer 1 Mar 1991 50% - 75% 1133425
James Harrison Robbins President/chief compliance officer 1 Jan 2005 50% - 75% 1133425
Janice Kay Robbins Owner 1 Jan 2005 50% - 75% 6461264

Based in Erie

The principal office where Robbins Financial Advisory Service Inc performs its advisory services is located at 3939 West Ridge Road, Erie, PA 16506 1887, 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 814-838-4185 or by fax 814-838-2268. The normal business hours are 8:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at investrwm.com/.