Royal Alliance Associates, Inc. (Jersey City)

Royal Alliance Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Royal Alliance Associates: assets under management

The assets under management (AUM) of Royal Alliance Associates, Inc. is $12.62 billion. The firm's AUM has grown by 967% since the beginning of its operation, and $438.43 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $8.02 billion in discretionary accounts and $4.6 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $208.65 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $187.95 thousand.

Royal Alliance Associates has custody of $382.1 million in cash and securities for 1,273 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Royal Alliance Associates, 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.

What kind of clients James David Ballard serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of James David Ballard is individuals with 39,181 clients and $7.35 billion of assets under management. Among the 10 most similar advisory firms, Royal Alliance Associates has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $12.62 billion for 47,301 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Royal Alliance Associates doesn't advise any private funds.

Careers at Royal Alliance Associates, Inc.

The company employs 2,951 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 2,046 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

James David Ballard has been acting as President since 1 Nov 2014. Ag Parent Corporation joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 33 indirect owners.

Based in Jersey City

The principal office where Royal Alliance Associates, Inc. performs its advisory services is located at 10 Exchange Place, Jersey City, NJ 07302, which is also the mailing address of the firm. An additional office of the firm is in Warwick, RI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-821-5100 EXT. 5389. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at royalalliance.com.

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