Asco Financial Group, Inc. (Kingston)

Name: Asco Financial Group, Inc.
Address: 575 Pierce Street, Suite 301, Kingston, PA, 18704
Telephone: 570-714-0720

Asco Financial Group, Inc. is a large advisory firm based in Kingston. It manages $138.77 million of regulatory assets for 69 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Pennsylvania.

Asco Financial Group provides pension consulting services and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as pension administration services.

Asco Financial Group: assets under management

The assets under management (AUM) of Asco Financial Group, Inc. is $138.77 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Asco Financial Group, Inc. for their services and products based on a percentage of assets under management. 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 Asco Financial Group serves?

The firm provides services to pension and profit sharing plans and state or municipal government entities. The largest group of clients of Asco Financial Group is state or municipal government entities with 27 clients and $121.31 million of assets under management. Among the 9 most similar advisory firms, Asco Financial Group has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $138.77 million for 34 clients. None of the firm’s clients are foreign persons or businesses.

Asco Financial Group doesn't advise any private funds.

Careers at Asco Financial Group, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald Paul Williamson	President; chief compliance officer	1 Jan 1991	75% - 100%	468445
Maria A Williamson	Vice president	1 Jan 1991	25% - 50%	4628224
Jerome Joseph Mchale	Operations manager	1 Jan 2007	Other	4701661

Based in Kingston

The principal office where Asco Financial Group, Inc. performs its advisory services is located at 575 Pierce Street, Suite 301, Kingston, PA 18704, 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 570-714-0720 or by fax 570-714-0740. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at ascofinancial.com.