Fma Advisory Inc (Harrisburg)

Name: Fma Advisory Inc
Address: 1631 North Front Street, Harrisburg, PA, 17102
Telephone: 717-232-8850

Fma Advisory Inc is a large advisory firm based in Harrisburg. It manages $411.73 million of regulatory assets for 1,098 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.

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

Fma Advisory: assets under management

The assets under management (AUM) of Fma Advisory Inc is $411.73 million. The firm's AUM has grown by 67% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $405.78 million in discretionary accounts and $5.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $386.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $124.13 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fma Advisory 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 Peter Joseph Labella serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Peter Joseph Labella is high net worth individuals with 274 clients and $271.46 million of assets under management. Among the 11 most similar advisory firms, Fma Advisory has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $411.73 million for 419 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.

Fma Advisory doesn't advise any private funds.

Careers at Fma Advisory Inc

The company employs 6 people that are either part- or full-time employees. 50 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.

Peter Joseph Labella has been acting as President since 1 Jul 1987. John Joseph Klobusicky has served as the Chief Investment Officer since 1 Mar 2015. Scott David Ehrig joined the executive team most recently as the Co Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Financial Management Associates	Parent company	1 Jul 1987	75% - 100%	23-2478094
Peter Joseph Labella	President/director	1 Jul 1987	Other	300050
Peter Joseph Labella	Principal	1 Sep 1990	75% - 100%	300050
Robert Ethan Caplan	Vp/secretary/treasurer/director	1 Jan 1994	Other	2479121
Donna J Miltenberger	Chief compliance officer	1 Mar 2015	Other	6138623
John Joseph Klobusicky	Chief investment officer	1 Mar 2015	Other	5170452
Scott David Ehrig	Co-chief investment officer	1 Sep 2016	Other	2141441

Based in Harrisburg

The principal office where Fma Advisory Inc performs its advisory services is located at 1631 North Front Street, Harrisburg, PA 17102, 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 717-232-8850 or by fax 717-232-7737. 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 fma-advisory.com.