Bannon Ohanesian & Lecours, Inc. (West Hartford)

Name: Bannon Ohanesian & Lecours, Inc.
Address: 433 South Main Street, West Hartford, CT, 06110 9944
Telephone: 860-521-4751

Bannon Ohanesian & Lecours, Inc. is a large advisory firm based in West Hartford. It manages $224.2 million of regulatory assets for 566 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Maine, and 4 other states.

Bannon Ohanesian & Lecours 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 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bannon Ohanesian & Lecours: assets under management

The assets under management (AUM) of Bannon Ohanesian & Lecours, Inc. is $224.2 million. The firm's AUM has grown by 183% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $78.13 million in discretionary accounts and $146.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $282.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $505.45 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bannon Ohanesian & Lecours, 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.

Careers at Bannon Ohanesian & Lecours, Inc.

Joseph Kevin Bannon has been acting as President since 1 Dec 1988. Richard Ohanesian joined the executive team most recently as the President, Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Kevin Bannon	President	1 Dec 1988	50% - 75%	717573
Joseph Kevin Sr Bannon	President, chief compliance officer	1 Dec 1988	50% - 75%	717573
Sandra Lee Ferris	Vice president	1 Sep 1989	Other	1412984
Sandra Lee Hart	Vice president	1 Sep 1989	Other	1412984
Richard Ohanesian	Vice president, secretary	1 Jan 1994	Other	844545
Ronald Gerard Lecours	Vice president, treasurer	1 Jul 1999	Other	1109578
Clifford William Jarvis	Shareholder	1 Jul 1999	Other	1177496
Clifford Burton Backes	Reg. options principal	1 Jul 1999	Other	1295299
Clifford William Jr Jarvis	Shareholder	1 Jul 1999	Other	1177496
William John Nicholson	Chief compliance officer, registered options principal	1 Oct 2007	Other	2632348
Richard Ohanesian	President, treasurer	1 Apr 2008	25% - 50%	844545
Ronald Gerard Lecours	Vice president, secretary	1 Apr 2008	25% - 50%	1109578

Based in West Hartford

The principal office where Bannon Ohanesian & Lecours, Inc. performs its advisory services is located at 433 South Main Street, West Hartford, CT 06110 9944, which is also the mailing address of the firm. An additional office of the firm is in Deep River, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-521-4751 or by fax 860-521-4755. 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 www.bol-investments.com.