Bishop & Associates Inc (Philadelphia)

Name: Bishop & Associates Inc
Address: 1617 John F Kennedy Blvd, Philadelphia, PA, 19103
Telephone: 215-568-5450

Bishop & Associates Inc is a large advisory firm based in Philadelphia. It manages $124.67 million of regulatory assets for 87 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Jersey and Pennsylvania.

Bishop & Associates provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Bishop & Associates: assets under management

The assets under management (AUM) of Bishop & Associates Inc is $124.67 million. The firm's AUM has gone down by -18% since the beginning of its operation, and $64.56 million of the total AUM is attributable to clients outside of the United States.

The firm manages $122.93 million in discretionary accounts and $1.74 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.43 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.74 million.

Bishop & Associates has custody of $4.67 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bishop & Associates Inc for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Henry Raymond Kwiecinski serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Henry Raymond Kwiecinski is corporations or other businesses with 4 clients and $63.6 million of assets under management. Among the 8 most similar advisory firms, Bishop & Associates has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $124.67 million for 39 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Bishop & Associates also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Bishop & Associates Inc

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Henry Raymond Kwiecinski has been acting as President since 1 Jan 1993. Andrew Achenbach joined the executive team most recently as the Associate Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Henry Raymond Kwiecinski	Chairman	1 Jan 1993	75% - 100%	4342560
Dorothy Frances Binns	Corporate secretary	1 Jun 1995	25% - 50%	4342567
Philip John Yarmolyk	V. pres.	1 Nov 2000	Other	866544
Frederick Tucker Schade	Vice president	1 Jul 2002	Other	xxx-xx-xxxx
Henry M Kwiecinski	Vice president	1 May 2004	Other	4121178
Henry M Kwiecinski	Chief compliance officer	1 Sep 2004	Other	4121178
Henry M Kwiecinski	President and chief compliance officer	1 Jun 2007	25% - 50%	4121178
Andrew Achenbach	Associate vice president	1 Sep 2007	Other	5472786

Based in Philadelphia

The principal office where Bishop & Associates Inc performs its advisory services is located at 1617 John F Kennedy Blvd, 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 215-568-5450 or by fax 215-568-1914. The normal business hours are 9:00am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at bishop-associates.com and its LinkedIn profile.