Girard Advisory Services, LLC (King Of Prussia)

Name: Girard Advisory Services, LLC
Address: 555 Croton Road, King Of Prussia, PA, 19406
Telephone: 610-337-7640

Girard Advisory Services, LLC is a large advisory firm based in King Of Prussia. It manages $1.3 billion of regulatory assets for 3,842 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Connecticut, Delaware, and 22 other states.

Girard Advisory Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Girard Advisory Services: assets under management

The assets under management (AUM) of Girard Advisory Services, LLC is $1.3 billion. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.08 billion in discretionary accounts and $224.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $295.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.22 million.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Girard Advisory Services, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kevin Brian Norris serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kevin Brian Norris is high net worth individuals with 404 clients and $723.3 million of assets under management. Among the 11 most similar advisory firms, Girard Advisory Services has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.3 billion for 1,851 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.

Girard Advisory Services doesn't advise any private funds.

Careers at Girard Advisory Services, LLC

The company employs 40 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 35 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Kevin Brian Norris has been acting as President since 1 Nov 2004. Univest Bank And Trust Co. joined the executive team most recently as the Parent Company.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Brian Norris	President	1 Nov 2004	Other	2498441
Lisa Marie Colon	Chief operations officer	1 Apr 2011	Other	2392261
Univest Bank And Trust Co.	Parent company	1 Jan 2019	75% - 100%	23-1171580
Thomas Edwin Hellings	Chief compliance officer	1 Jan 2019	Other	2128581

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Univest Financial Corporation	Parent	1 Jan 2014	75% - 100%	23-1886144

Based in King Of Prussia

The principal office where Girard Advisory Services, LLC performs its advisory services is located at 555 Croton Road, King Of Prussia, PA 19406, which is also the mailing address of the firm. An additional office of the firm is in Allentown, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-337-7640 or by fax 610-337-7644. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at girardpartners.com and its LinkedIn profile.