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18 Hartford Business Journal • April 20, 2020 • www.HartfordBusiness.com THE LISTS Largest registered investment advisory firms in Greater Hartford Ranked by number of local investment advisors as of February 2020 Source: Each firm via survey. Notes: DND=did not disclose. 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. Webster Investment Services (WIS) of Wallingford did not reply to survey. WIS reported $2.3 billion local assets under management with 48 local investment advisors in 2019. Hartford's RBC Wealth Management does not fall under the definition of registered investment advisor. (a) 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. (b) Part of USI Consulting Group. —Compiled by Heide Martin. Largest registered investment advisory firms in Greater Hartford (Ranked by number of local investment advisors as of February 2020) Rank Firm No. of local investment advisors Local assets under management Total no. of investment advisors Total assets under management Top local executive(s) Headquarters Year founded 1 Fiduciary Investment Advisors 100 Northfield Drive, 4th Floor Windsor, CT 06095 860-683-1187; www.fiallc.com 18 $87,000,000,000 22 $87,000,000,000 Mark Wetzel President Windsor, CT 2006 2 Connecticut Wealth Management LLC 281 Farmington Ave. Farmington, CT 06032 860-470-0290; www.ctwealthmgmt.com 16 $1,600,000,000 16 $1,600,000,000 Kevin C. Leahy President & CEO Farmington, CT 2010 3 YHB Investment Advisors Inc. 29 South Main St., Suite 306 West Hartford, CT 06107 860-561-7050; www.yhbia.com 13 $1,047,170,613 13 $1,675,386,182 Mark W. Everette CEO West Hartford, CT 1989 4 3D Asset Management Inc. 100 Constitution Plaza, Suite 700 Hartford, CT 06103 860-291-1998; www.3dadvisor.com 10 $852,000,000 15 $852,000,000 John O'Connor President Hartford, CT 2006 5 GYL Financial Synergies LLC 65 Memorial Road, Suite 530 West Hartford, CT 06107 844-248-9998; gylfinsyn.com 9 DND 27 $4,309,600,000 Gerald Goldberg CEO & co-founder Jonathan Yolles President of private client services & co-founder West Hartford, CT 2014 6 Northstar Wealth Partners (a) 433 South Main St., Suite 322 West Hartford, CT 06110 888-886-7737; www.northstarwealthpartners.com, www.nstarwp.com 9 $1,108,832,082 9 $1,108,832,082 Robert Laraia Founding partner West Hartford, CT 2009 7 Gottfried & Somberg Wealth Management LLC 148 Eastern Blvd. Glastonbury, CT 06033 860-430-9104; www.gottfriedsomberg.com 9 $902,000,000 9 $902,000,000 Joshua Gottfried Co-founder & principal Glastonbury, CT 1999 8 MJP Wealth Advisors 790 Farmington Ave., Building 3 Farmington, CT 06032 860-677-7755; www.mjpwealthadvisors.com 9 $622,594,854 9 $622,594,854 Brian Vendig President & managing executive Farmington, CT 1981 9 Bradley, Foster & Sargent Inc. City Place II, 185 Asylum St. Hartford, CT 06103 860-527-8050; www.bfsinvest.com 8 $2,464,628,000 11 $4,238,363,000 Steven L. Willcox President & CEO Hartford, CT 1994 10 Private Capital Group LLC 29 S. Main St. West Hartford, CT 06107 860-561-1162; www.pcgct.com 8 $1,145,000,000 8 $1,145,000,000 Benjamin Kille Manager West Hartford, CT 2003 11 USI Advisors Inc. (b) 95 Glastonbury Blvd., Suite 102 Glastonbury, CT 06033 860-633-5283; www.usiadvisorsinc.com 6 $1,036,089,472 53 $23,375,122,076 Michael Welz President & chief investment officer Glastonbury, CT 1981 12 Robert Hensley & Associates 10 Avon Meadow Lane, Suite 1 Avon, CT 06001 860-678-1090; hensleyassociates.com 6 $160,000,000 6 $160,000,000 Robert S. Hensley Managing member Avon, CT 1991 13 Resources Management Corp. 643 Prospect Ave. West Hartford, CT 06105 860-561-1245; resourcesmanagementcorp.com 5 $821,392,060 5 $821,392,060 Michael W. Herlihy President & CEO West Hartford, CT 1983 14 Karn Couzens & Associates Inc. 10 Melrose Drive Farmington, CT 06032 860-676-2727; karncouzens.com 5 $415,181,153 5 $415,181,153 Robert A. Karn Principal Jeffrey Couzens Vice president Farmington, CT 1987 15 Smith Brothers Financial LLC 68 National Drive Glastonbury, CT 06033 860-430-3299; www.smithbrothersfs.com 5 $205,000,000 6 $235,000,000 Stephen Michaels Financial advisor Glastonbury, CT 2005 16 Essex Financial Services Inc. (c) 10 Waterside Drive, Suite 100 Farmington, CT 06032 860-404-5998; www.essex.financial 4 $205,000,000 19 $2,800,000,000 Charles R. Cumello President Essex, CT 2003 17 Hammond Iles Wealth Advisors 100 Great Meadow Road, Suite 701 Wethersfield, CT 06109 860-258-2600; www.hammondiles.com 4 $72,813,519 4 $278,256,605 Greg Hammond CEO Wethersfield, CT 2001 18 Constitution Group of Wells Fargo Advisors 180 Glastonbury Blvd., Suite 100 Glastonbury, CT 06033 860-368-6932; www.constitutiongroup.com 3 $900,000,000 3 $900,000,000 Thomas A. Ragonese Arthur B. Sullivan Managing directors & investment officers St. Louis, MO 2010 19 SKY Investment Group LLC One Financial Plaza, Suite 1210 Hartford, CT 06103 860-761-9700; www.skyig.com 3 $512,996,481 3 $512,996,481 Robert Bingham President & chief investment officer Hartford, CT 2005 20 WMGNA LLC 10 Talcott Notch Road, Suite 103 Farmington, CT 06032 860-679-5255; www.wmgna.com 3 $310,000,000 4 $310,000,000 Daniel J. Friedman CEO Brian P. Beck President & CFO Farmington, CT 1995 21 Hooker & Holcombe 1300 Hall Boulevard, Suite 1C Bloomfield, CT 06002 860-521-8400; www.hhconsultants.com 3 $121,178,088 3 $598,369,325 Rodger K. Metzger President & chief investment officer, Investment Advisory Group Bloomfield, CT 1996 22 Mercer Advisors (d) 573 Hopmeadow St. Simsbury, CT 06070 860-651-1716; merceradvisors.com 2 $203,067,770 105 $18,000,000,000 Eric Anderson Client advisor & branch manager Denver, Colorado 1991 Source: Each firm via survey. Notes: DND=did not disclose. 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. Webster Investment Services (WIS) of Wallingford did not reply to survey. WIS reported $2.3 billion local assets under management with 48 local investment advisors in 2019. Hartford's RBC Wealth Management does not fall under the definition of registered investment advisor. (a) 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. (b) Part of USI Consulting Group. (c) Wholly-owned subsidiary of Essex Savings Bank. (d) Previously listed as Pinnacle Investment Management Mercer Advisors. —Compiled by Heide Martin.