Roffman Milller Associates Inc (Philadelphia)

Name: Roffman Milller Associates Inc
Address: 1835 Market Street, Philadelphia, PA, 19103
Telephone: 215-981-1030

Roffman Milller Associates Inc is a large advisory firm based in Philadelphia. It manages $1.41 billion of regulatory assets for 1,131 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 13 other states.

Roffman Milller Associates provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Roffman Milller Associates: assets under management

The assets under management (AUM) of Roffman Milller Associates Inc is $1.41 billion. The firm's AUM has grown by 976% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.38 billion in discretionary accounts and $27.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.12 million.

Roffman Milller Associates has custody of $668.43 million in cash and securities for 436 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Roffman Milller Associates 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 Roy L. Gorin serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Roy L. Gorin is individuals with 533 clients and $749.69 million of assets under management. Among the 10 most similar advisory firms, Roffman Milller Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.41 billion for 1,130 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.

Roffman Milller Associates doesn't advise any private funds.

Careers at Roffman Milller Associates Inc

The company employs 9 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

Roy L. Gorin has been acting as President since 1 May 1995. Mark Richard Frombach has served as the Chief Investment Officer since 1 Jun 2008. Robert Thomas Hofmann joined the executive team most recently as the President & Investment Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Peters Miller	Chairman and founder	1 Oct 1990	50% - 75%	722887
Marvin Barry Roffman	President & director	1 Oct 1990	25% - 50%	402607
Milos Knorr	Director	1 Jun 1991	Other	4339732
Louis Anthony Marckesano	Director	1 Jun 1991	Other	821313
Robert Peters Miller	Director	1 Jun 1991	Other	335528
Roy L. Gorin	Director	1 May 1995	Other	4339740
Paulette Greenwell	Vice president, secretary, chief compliance officer, investment manager	1 Jun 1998	Other	2703326
Conrad Joseph Busch	Director	1 Jun 2000	Other	2447873
Robert Thomas Hofmann	President & investment manager	1 Jun 2005	Other	2542081
Mark Richard Frombach	Chief investment officer	1 Jun 2008	Other	4001899

Based in Philadelphia

The principal office where Roffman Milller Associates Inc performs its advisory services is located at 1835 Market Street, Philadelphia, PA 19103, 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 215-981-1030 or by fax 215-981-0146. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at roffmanmiller.com.