Financial Advisory Corporation (Grand Rapids)

Name: Financial Advisory Corporation
Address: 4251 Cascade Road S.E., Grand Rapids, MI, 49546
Telephone: 616-235-5260

Financial Advisory Corporation is a large advisory firm based in Grand Rapids. It manages $563.21 million of regulatory assets for 914 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Michigan.

Financial Advisory Corporation provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Advisory Corporation: assets under management

The assets under management (AUM) of Financial Advisory Corporation is $563.21 million. The firm's AUM has grown by 324% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $563.1 million in discretionary accounts and $103.57 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $617.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $51.78 thousand.

Financial Advisory Corporation has custody of $26.58 million in cash and securities for 46 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 40% 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 Financial Advisory Corporation for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Paul George Anthes 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 Paul George Anthes is high net worth individuals with 99 clients and $290.54 million of assets under management. Among the 9 most similar advisory firms, Financial Advisory Corporation has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $563.21 million for 183 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.

Financial Advisory Corporation doesn't advise any private funds.

Careers at Financial Advisory Corporation

The company employs 11 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 6 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.

Paul George Anthes has been acting as President since 1 Jul 1988. Michael Anthony Staffieri joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Anthony Staffieri	Chief compliance officer	1 Oct 1978	75% - 100%	1354753
Paul George Anthes	President	1 Jul 1988	75% - 100%	1037884
Loran Jay Filson	Chief operations officer, chief compliance officer	1 Jul 1998	Other	1712782
Markell Anthony Staffieri	Vice president	1 Jan 2011	Other	5618766
Matthew Ds Staffieri	Vice president, cco	1 Sep 2012	50% - 75%	6097488
Michael Anthony Staffieri	Vice president	1 Apr 2015	Other	1354753
Markell Anthony Staffieri	President	1 Apr 2015	50% - 75%	5618766

Based in Grand Rapids

The principal office where Financial Advisory Corporation performs its advisory services is located at 4251 Cascade Road S.E., Grand Rapids, MI 49546, 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 616-235-5260 or by fax 616-235-0512. The normal business hours are 8:00 a.m.- 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at financialadvisorycorp.com.