Issue link: https://nebusinessmedia.uberflip.com/i/1079964
www.HartfordBusiness.com • February 11, 2019 • Hartford Business Journal 11 FOCUS 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, invest- ment manager, portfolio manager or a wealth manager. West Hartford's Ohanesian/Lecours is now partnering with Cambridge Investment Research for registered investment advisory services. Gottfried & Somberg Wealth Management of Glastonbury and The Schuster Group of Farmington declined to participate in thesurvey. Hartford's RBC Wealth Management does not fall under the definition of registered investment advisor. Wethersfield's Olson Mobeck Investment Advisors, a subsidiary of People's United Bank, has been dissolved as a separate entity. (a) Data from 2017 survey. (b) Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Northstar Wealth Partners, a Registered Invest- ment Advisor and a separate entity from LPL Financial. (c) Data from 2018 survey. (d) Part of USI Consulting Group. (e) Formerly Wealth Management Group of North America LLC. —Compiled by Stephanie R. Meagher. THE LIST Largest registered investment advisory firms in Greater Hartford Ranked by number of local investment advisors as of January 2019 Largest registered investment advisory firms in Greater Hartford (Ranked by number of local investment advisors as of January 2019) 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 Webster Investments (a) 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 2 Fiduciary Investment Advisors 100 Northfield Drive, 4th Floor Windsor, CT 06095 860-683-1187; www.fiallc.com 18 $1,474,000,000 23 $1,474,000,000 Mark Wetzel, President Windsor, CT 2006 3 YHB Investment Advisors Inc. 29 South Main St., Suite 306 West Hartford, CT 06107 860-561-7050; www.yhbia.com 14 $1,333,660,363 14 $1,333,660,363 Paul R. Martel, President Mark W. Everette, CEO West Hartford, CT 1989 4 Northstar Wealth Partners (b) 433 South Main St., Suite 322 West Hartford, CT 06110 888-886-7737; www.northstarwealthpartners.com, www.nstarwp.com 13 $1,093,733,429 13 $1,093,733,429 Robert Laraia, Founding partner West Hartford, CT 2009 5 Bradley, Foster & Sargent Inc. City Place II, 185 Asylum St. Hartford, CT 06103 860-527-8050; www.bfsinvest.com 11 $2,300,000,000 11 $3,800,000,000 Steven L. Willcox, President & CEO Hartford, CT 1994 6 3D Asset Management Inc. (c) 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 7 Connecticut Wealth Management LLC 281 Farmington Ave. Farmington, CT 06032 860-470-0290; www.ctwealthmgmt.com 10 $701,254,330 10 $701,254,330 Kevin C. Leahy, President & CEO Farmington, CT 2010 8 MJP Wealth Advisors 790 Farmington Ave., Building 3 Farmington, CT 06032 860-677-7755; www.mjpwealthadvisors.com 10 $433,325,000 10 $433,325,000 Brian Vendig, President & managing executive Farmington, CT 1981 9 Private Capital Group LLC 29 S. Main St. West Hartford, CT 06107 860-561-1162; www.pcgct.com 8 $1,100,000,000 9 $1,100,000,000 Benjamin Kille William Rabbit, Founders West Hartford, CT 2003 10 Resources Management Corp. (c) 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 11 Smith Bros. Financial LLC 68 National Drive Glastonbury, CT 06033 860-430-3299; www.smithbrothersfs.com 6 $496,000,000 6 $496,000,000 Stephen Michaels, Financial advisor Glastonbury, CT 2005 12 Karn Couzens & Associates Inc. 10 Melrose Drive Farmington, CT 06032 860-676-2727; karncouzens.com 6 $415,181,153 6 $415,181,153 Robert A. Karn, Principal Jeffrey Couzens, Vice president Farmington, CT 1987 13 USI Advisors Inc. (d) 95 Glastonbury Blvd., Suite 102 Glastonbury, CT 06033 860-633-5283; www.usiadvisorsinc.com 4 $895,896,512 22 $20,014,811,850 Michael Welz, President & chief investment officer Glastonbury, CT 1981 14 Constitution Group of Wells Fargo Advisors 180 Glastonbury Blvd., Suite 100 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 advisor St. Louis, MO 2010 15 Hooker & Holcombe 65 LaSalle Road West Hartford, CT 06107 860-521-8400; www.hhconsultants.com 3 $490,400,000 3 $490,400,000 Rodger K. Metzger, President & chief investment officer, Investment Advisory Group West Hartford, CT 1996 16 SKY Investment Group LLC One Financial Plaza, Suite 1210 Hartford, CT 06103 860-761-9700; www.skyig.com 3 $414,508,928 3 $414,508,928 Robert Bingham, President & chief investment officer Hartford, CT 2005 17 Robert Hensley & Associates 10 Avon Meadow Lane, Suite 1 Avon, CT 06001 860-678-1090; hensleyassociates.com 3 $102,000,000 3 $102,000,000 Robert S. Hensley, Managing member Avon, CT 1991 18 Hammond Iles Wealth Advisors 100 Great Meadow Road, Suite 701 Wethersfield, CT 06109 860-258-2600; www.hammondiles.com 3 $64,241,037 4 $211,953,381 Greg Hammond, CEO & wealth impact strategist Wethersfield, CT 2001 19 Pinnacle Investment Management Mercer Advisors 573 Hopmeadow St. Simsbury, CT 06070 860-651-1716; pinnacle-investment.com 2 $178,258,000 113 $14,000,000,000 John Flanagan, Branch manager Simsbury, CT 1991 20 WMGNA LLC (e) 10 Talcott Notch Road, Suite 103 Farmington, CT 06032 860-679-5255; www.wmgna.com 2 $150,000,000 3 $200,000,000 Daniel J. Friedman, CEO Brian P. Beck, President & CFO Farmington, CT 1995 21 SageView Advisory Group (f) 1000 Farmington Ave., Suite 103 West Hartford, CT 06107 860-236-8500; sageviewadvisory.com 1 $3,369,814,108 21 $96,000,000,000 Tim Burns, Managing director Irvine, CA 1989 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. West Hartford's Ohanesian/Lecours is now partnering with Cambridge Investment Research for registered investment advisory services. Gottfried & Somberg Wealth Management of Glastonbury and The Schuster Group of Farmington declined to participate in the survey. Hartford's RBC Wealth Management does not fall under the definition of registered investment advisor. Wethersfield's Olson Mobeck Investment Advisors, a subsidiary of People's United Bank, has been dissolved as a separate entity. (a) Data from 2017 survey. (b) 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. (c) Data from 2018 survey. (d) Part of USI Consulting Group. (e) Formerly Wealth Management Group of North America LLC. (f) Formerly Hunter Capital Advisors Inc. —Compiled by Stephanie R. Meagher.