Allegheny Financial Group Ltd is a large advisory firm based in Pittsburgh. It manages $2.36 billion of regulatory assets for 6,457 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 43 other states.
Allegheny Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Allegheny Financial Group Ltd is $2.36 billion. The firm's AUM has grown by 103% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Allegheny Financial Group Ltd 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of James Joseph Browne is high net worth individuals with 601 clients and $1.61 billion of assets under management. Among the 10 most similar advisory firms, Allegheny Financial Group has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.36 billion for 1,978 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.
Allegheny Financial Group also advises several private funds. Namely, six hedge funds and one real estate fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 99 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 23 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.
James Joseph Browne has been acting as President since 1 Nov 1976. David Michael Jeter joined the executive team most recently as the Director.
The principal office where Allegheny Financial Group Ltd performs its advisory services is located at Stone Quarry Crossing, Pittsburgh, PA 15237, 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 412-367-3880 or by fax 412-367-8353. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at alleghenyfinancial.com and its LinkedIn profile.