Advest, Inc. (Hartford)

Name: Advest, Inc.
Address: 90 State House Square, Hartford, CT, 06103
Telephone: 860-509-1000

Advest, Inc. is a large advisory firm based in Hartford. It manages $1.9 billion of regulatory assets for 7,828 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 47 other states.

Advest provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Advest: assets under management

The assets under management (AUM) of Advest, Inc. is $1.9 billion. The firm's AUM has grown by 32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.75 billion in discretionary accounts and $153.36 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $230.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $615.9 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Advest, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Advest, Inc.

Allen George Botwinick has been acting as President since 1 Jan 1986. Pierce Fenner & Smith Incorporated Merrill Lynch joined the executive team most recently as the Parent Of Advest Group, Inc..

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Arthur Boujoukos	Director	1 Jan 1977	Other	26882
James Robert Orvis	C.o.o.	1 Jan 1977	Other	2149407
Martin Matthew Lilienthal	C.f.o.	1 Jan 1977	Other	309609
Lee Gerard Kuckro	C.l.o.	1 Jun 1978	Other	1318309
Jay Harvey Salkin	Director	1 Jan 1984	Other	409393
Allen George Botwinick	Director	1 Jan 1986	Other	845828
Philip Murray Skidmore	Director	1 Jun 1986	Other	425746
Donald Joseph Cristo	Director	1 Jan 1987	Other	57198
Edward Fernberger	Director	1 Jan 1987	Other	206743
Grant Wilson Kurtz	President/ceo	1 Jan 1988	Other	276849
Lawrence Forbes Mcintosh	C.r.o.p.	1 Nov 1988	Other	1571279
John Hugh Shaughnessy	Director	1 Feb 1990	Other	420421
Richard Edward Ryall	Director	1 Jan 1991	Other	408065
James William Keim	Director	1 Jan 1993	Other	266279
Paul Evenson Skydell	Director	1 Jan 1993	Other	1218793
Bernard A G Taradash	Director	1 Jan 1993	Other	442573
Stephen Monroe Hampton	Director	1 Jan 1994	Other	501547
Ernest Robert Smith	Director	1 Oct 1995	Other	2362379
William Randall Burns	Director	1 Oct 1996	Other	36446
Garry Lee Hogan	Director	1 Oct 1996	Other	1040707
Daniel Joseph Mullane	Director	1 Oct 1996	Other	1246435
Kenneth Steven Hyne	Director	1 Jan 1997	Other	1538271
Judith Anne Ferguson Mccann	Director	1 Jan 1997	Other	809690
Donna Lee Sawan	Director	1 Jan 1997	Other	1615720
Harry Michael Canavesi	Director	1 Jan 1998	Other	718152
Gay Bender Foster	Director	1 Jan 1998	Other	1136804
Steven Michael Nussbaum	Director	1 Jan 1998	Other	1559371
James Benjamin Fellus	Director	1 Jan 1999	Other	1224870
Michael Thomas Mayes	Director	1 Jan 1999	Other	1896271
Robert David Meyers	Director	1 Jan 1999	Other	1409245
James Martin Pucci	Director	1 Jan 2000	Other	368585
Mary Anne Block	Compliance officer	1 Feb 2000	Other	1559130
William Christian Freitag	C.c.o.	1 Feb 2000	Other	1732667
Doran Michael Young	Director	1 Jul 2000	Other	1220502
Christopher Redvers Wilkinson	Director	1 Jul 2000	Other	864329
Allan Mark Fink	Director - srop	1 Feb 2001	Other	207782
Inc. The Mony Group	Parent company of advest, inc.	1 Feb 2001	75% - 100%	13-3976138
George Michael Bevis	Director	1 Mar 2001	Other	1023463
James Edward Iii Barrett	Director	1 Mar 2001	Other	1995035
Bernard Thomas Gacona	Director	1 Mar 2001	Other	826785
James Pollock Jenkins	Director	1 Mar 2001	Other	258022
Robert Thomas Jr Mikkelsen	Director	1 Mar 2001	Other	1088430
Robert Fredrick Olsen	Director	1 Mar 2001	Other	1265485
Allen Weintraub	Director	1 Mar 2001	Other	462077
Michael James Vogelzang	Director	1 Mar 2001	Other	xxx-xx-xxxx
Allan Mark Fink	Director	1 May 2001	Other	207782
Anthony Andre Morgan	Srop	1 May 2001	Other	1033818
Allen George Botwinick	Director	1 Nov 2001	Other	845828
Lee Gerard Kuckro	C.l.o.	1 Nov 2001	Other	1318309
James Robert Orvis	C.o.o.	1 Nov 2001	Other	2149407
Daniel Joseph Mullane	President/private client group	1 Nov 2001	Other	1246435
Grant Wilson Kurtz	Ceo	1 Nov 2001	Other	276849
Martin Matthew Lilienthal	C.f.o.	1 Nov 2001	Other	309609
William Christian Freitag	C.c.o.	1 Nov 2001	Other	1732667
Inc. The Mony Group	Parent company of advest group, inc.	1 Nov 2001	75% - 100%	13-3976138
Alexandra Lebenthal	Director	1 Nov 2001	Other	1638099
Inc. Advest Group	Parent company of advest, inc.	1 Nov 2001	Other	06-0950444
Donna Lee Sawan	C.f.o.	1 Apr 2002	Other	1615720
Joseph Dean Blair	Director	1 Apr 2002	Other	1418103
William August Jr Cholawa	Director	1 Apr 2002	Other	1684119
Kyle Christopher Burns	Director	1 Mar 2003	Other	2387634
Daniel Joseph Mullane	President	1 Apr 2003	Other	1246435
Scott John Doyle	Srop	1 Aug 2003	Other	2100219
Donna Lee Sawan	Director	1 Oct 2003	Other	1615720
Jason Howard Diamond	C.f.o.	1 Oct 2003	Other	2320884
Randall Anthony Carbone	Director	1 Jan 2004	Other	862150
Mark Albert Bilski	Director	1 Jan 2004	Other	1317040
Daniel Joseph Mullane	President and ceo	1 Jul 2004	Other	1246435
Inc. Axa Financial	Parent of the mony group inc.	1 Jul 2004	75% - 100%	13-3623351
Kevin Robert Byrne	Director	1 Sep 2004	Other	1975617
David Adam Horowitz	Director	1 Sep 2004	Other	1827880
Jeffrey Michael James	Director	1 Sep 2004	Other	257048
Sean Ward Farrell	Director	1 Sep 2004	Other	1270847
Steven Anthony Ciccarello	Director	1 Sep 2004	Other	1175464
Harold Victor Langlois	Director	1 Sep 2004	Other	2939423
John Holmes Sr Wellington	Director	1 Apr 2005	Other	1314741
Arthur James Wunder	Director	1 Apr 2005	Other	603472

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Pierce Fenner & Smith Incorporated Merrill Lynch	Parent of advest group, inc.	1 Dec 2005	75% - 100%	7691
Inc. Merrill Lynch & Co.	Parent of merrill lynch, pierce, fenner & smith incorporated	1 Dec 2005	75% - 100%	13-2740599

Based in Hartford

The principal office where Advest, Inc. performs its advisory services is located at 90 State House Square, Hartford, CT 06103, which is also the mailing address of the firm. An additional office of the firm is in Aventura, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-509-1000 or by fax 860-509-2185. The normal business hours are 8:20 - 5:00 on Monday - Friday. You can find more information about the New York firm at www.advest.com.