Saling, Simms, Associates Inc. (Columbus)

Name: Saling, Simms, Associates Inc.
Address: 7965 N. High St. Suite 130, Columbus, OH, 43235
Telephone: 614-841-1881

Saling, Simms, Associates Inc. is a large advisory firm based in Columbus. It manages $138.6 million of regulatory assets for 585 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida, Louisiana, New Hampshire, Ohio, and Texas.

Saling, Simms, Associates provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, educational seminars and workshops, and model portfolio as erisa 3(21) fiduciary. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Saling, Simms, Associates: assets under management

The assets under management (AUM) of Saling, Simms, Associates Inc. is $138.6 million. The firm's AUM has grown by 374% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $91.75 million in discretionary accounts and $46.85 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $164.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.67 million.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Saling, Simms, Associates Inc. 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 Saling, Simms, Associates serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Saling, Simms, Associates is individuals with 93 clients and $48.93 million of assets under management. Among the 9 most similar advisory firms, Saling, Simms, Associates has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $91.72 million for 135 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.

Saling, Simms, Associates doesn't advise any private funds.

Careers at Saling, Simms, Associates Inc.

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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.

Brent Ralph Simms joined the executive team most recently as the Investment Advisor/Chief Compliance Officer/Chief Operations Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Alan Saling	Investment advisor/chief executive officer/chief financial officer	1 Aug 2000	75% - 100%	1273628
Brent Ralph Simms	Investment advisor/chief compliance officer/chief operations officer	1 Aug 2000	25% - 50%	1682860

Based in Columbus

The principal office where Saling, Simms, Associates Inc. performs its advisory services is located at 7965 N. High St. Suite 130, Columbus, OH 43235, 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 614-841-1881 or by fax 614-841-1013. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at raymondjames.com/salingsimmsassociates/home.aspx.