Issue link: https://nebusinessmedia.uberflip.com/i/1004054
12 Hartford Business Journal • July 16, 2018 • www.HartfordBusiness.com Source: Each firm via survey. Notes: An investment advisor as defined by FINRA provides advice about securities to clients and is required to register with the SEC or the state in which it practices. The company can be called an asset manager, investment counselor, investment manager, portfolio manager or a wealth manager. Gottfried & Somberg Wealth Management of Glastonbury declined to participate in the 2018 survey. Wethersfield's Olson Mobeck Investment Advisors, a subsidiary of People's United Bank, has been dissolved as a separate entity. (1) A division of RBC Capital Markets LLC. (2) Data from 2017 survey. (3) Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Northstar Wealth Partners, a Registered Investment Advisor and a separate entity from LPL Financial. (4) Assets under management and assets under advisement. (5) Figure from 2017 survey. (6) Part of USI Consulting Group. —Compiled by Stephanie R. Meagher. THE LIST Largest registered investment advisory firms in Greater Hartford Ranked by number of local investment advisors as of June 2018 Largest registered investment advisory firms in Greater Hartford (Ranked by number of local investment advisors as of June 2018) Rank Firm No. of local investment advisors Local assets under management Total no. of investment advisors Total assets under management Top local executive Headquarters Year founded 1 RBC Wealth Management (1) 20 Church St., Suite 2300 Hartford, CT 06103 800-243-2478; www.rbcwmfa.com 73 $9,420,000,000 1,800 $336,000,000,000 Aaron Scott, Director, Hartford complex Minneapolis, MN 1909 2 Webster Investments (2) 64 S. Main St. Wallingford, CT 06492 203-741-6580; public.websteronline.com 48 $2,300,000,000 55 $3,200,000,000 John Olerio, SVP & director Waterbury, CT 1995 3 Fiduciary Investment Advisors 100 Northfield Drive, 4th Floor Windsor, CT 06095 860-683-1187; www.fiallc.com 16 $69,000,000,000 19 $69,000,000,000 Mark Wetzel, President Windsor, CT 2006 4 Northstar Wealth Partners (3) 433 South Main St., Suite 322 West Hartford, CT 06110 888-886-7737; www.northstarwealthpartners.com, www.nstarwp.com 13 $1,077,130,122 13 $1,077,130,122 Robert Laraia, Founding partner West Hartford, CT 2009 5 YHB Investment Advisors Inc. 29 South Main St., Suite 306 West Hartford, CT 06107 860-561-7050; www.yhbia.com 12 $1,349,562,000 12 $1,349,562,000 Paul R. Martel, President Mark W. Everette, CEO West Hartford, CT 1989 6 Bradley, Foster & Sargent Inc. City Place II, 185 Asylum St. Hartford, CT 06103 860-527-8050; www.bfsinvest.com 11 $3,600,000,000 11 $3,600,000,000 Steven L. Willcox, President & CEO Hartford, CT 1994 7 Ohanesian/Lecours 433 S. Main St., Suite 104 West Hartford, CT 06110 860-521-4751; www.ol-advisors.com 11 $820,000,000 (4) 15 $820,000,000 (4) Richard Ohanesian, President & partner West Hartford, CT 1989 8 3D Asset Management Inc. 100 Constitution Plaza, Suite 700 Hartford, CT 06103 860-291-1998; www.3dadvisor.com 10 $865,000,000 16 $865,000,000 John O'Connor, President Hartford, CT 2006 9 Connecticut Wealth Management LLC 281 Farmington Ave. Farmington, CT 06032 860-470-0290; www.ctwealthmgmt.com 10 $677,560,893 10 $677,560,893 Kevin C. Leahy, President & CEO Farmington, CT 2010 10 MJP Wealth Advisors 790 Farmington Ave., Building 3 Farmington, CT 06032 860-677-7755; www.mjpwealthadvisors.com 9 $428,647,854 9 $428,647,854 Brian Vendig, President & managing executive Farmington, CT 1981 11 Private Capital Group LLC 29 S. Main St. West Hartford, CT 06107 860-561-1162; www.pcgct.com 8 $1,017,109,355 9 $1,017,109,355 Benjamin Kille William Rabbit, Founders West Hartford, CT 2003 12 Resources Management Corp. 433 South Main St., Suite 200 West Hartford, CT 06110 860-561-1245; resourcesmanagementcorp.com 7 $793,500,000 7 $793,500,000 Michael W. Herlihy, President & CEO West Hartford, CT 1983 13 Karn Couzens & Associates Inc. 10 Melrose Drive Farmington, CT 06032 860-676-2727; karncouzens.com 6 $334,500,000 (5) 6 $334,500,000 (5) Robert A. Karn, Principal Jeffrey Couzens, Vice president Farmington, CT 1987 14 USI Advisors Inc. (6) 95 Glastonbury Blvd., Suite 102 Glastonbury, CT 06033 860-633-5283; www.usiadvisorsinc.com 4 $862,521,932 22 $19,330,627,688 Michael Welz, President & chief investment officer Glastonbury, CT 1981 15 Robert Hensley & Associates 10 Avon Meadow Lane, Suite 1 Avon, CT 06001 860-678-1090; hensleyassociates.com 4 $275,000,000 4 $275,000,000 Robert S. Hensley, President Avon, CT 1991 16 Smith Bros. Financial LLC 68 National Drive Glastonbury, CT 06033 860-430-3299; www.smithbrothersfs.com 4 $185,000,000 (5) 4 $185,000,000 (5) Stephen Michaels, Financial advisor Glastonbury, CT 2005 17 Constitution Group of Wells Fargo Advisors 180 Glastonbury Blvd., Suite 301 Glastonbury, CT 06033 860-368-6932 3 $900,000,000 3 $900,000,000 Arthur B. Sullivan, Managing director & investment officer Thomas A. Ragonese, Managing director & investment officer Zachary W. Tracey, Financial consultant St. Louis, MO 2010 18 Hooker & Holcombe 65 LaSalle Road West Hartford, CT 06107 860-521-8400; www.hhconsultants.com 3 $490,434,538 3 $490,434,538 Rodger K. Metzger, President West Hartford, CT 1996 19 SKY Investment Group LLC One Financial Plaza, Suite 1210 Hartford, CT 06103 860-761-9700; www.skyig.com 3 $201,223,305 3 $419,700,698 Robert Bingham, President & chief investment officer Hartford, CT 2005 20 Pinnacle Investment Management Mercer Advisors 573 Hopmeadow St. Simsbury, CT 06070 860-651-1716; pinnacle-investment.com 3 $180,255,929 70 $11,053,472,525 John W. Eckel, President Simsbury, CT 1991 21 Hammond Iles Wealth Advisors 100 Great Meadow Road, Suite 701 Wethersfield, CT 06109 860-258-2600; www.hammondiles.com 3 $83,783,989 4 $186,803,551 Greg Hammond, CEO & wealth impact strategist Wethersfield, CT 2001 Source: Each firm via survey. Notes: An investment advisor as defined by FINRA provides advice about securities to clients and is required to register with the SEC or the state in which it practices. The company can be called an asset manager, investment counselor, investment manager, portfolio manager or a wealth manager. Gottfried & Somberg Wealth Management of Glastonbury declined to participate in the 2018 survey. Wethersfield's Olson Mobeck Investment Advisors, a subsidiary of People's United Bank, has been dissolved as a separate entity. (1) A division of RBC Capital Markets LLC. (2) Data from 2017 survey. (3) Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Northstar Wealth Partners, a Registered Investment Advisor and a separate entity from LPL Financial. (4) Assets under management and assets under advisement. (5) Figure from 2017 survey. (6) Part of USI Consulting Group. —Compiled by Stephanie R. Meagher. FOCUS