Issue link: https://nebusinessmedia.uberflip.com/i/711528
10 Hartford Business Journal • August 8, 2016 www.HartfordBusiness.com THE LIST To view the full list, please visit HartfordBusiness.com ▶ ▶ Did we miss you? We want to publish the most complete and accurate lists possible. To correct an error or submit information, contact Stephanie Meagher, research director, at (508) 755-8004, ext. 262 or smeagher@nebusinessmedia.com. Q: One of the aspects of the program is a grant competition. Do grant competi- tions like this just favor those towns and cities that are good at grant writing? Do they always find the best use of the funds? A: The innovation places program is a two- phase process — phase 1 is a planning grant application process where communities can access up to $50,000 to assist them with strategic and master planning, and phase 2 is for the implementation grants, which will be a multi-faceted approach and involves a written application, site tour and interviews. Creativity and a well-thought-out vision will factor into the decision to receive a grant but the goal of this program is to create a set of measureable objectives that can be assessed on a yearly basis. Young people and innovative organiza- tions want to be in dense, vibrant, walkable places with public transportation and a mix of uses. Enterprises often grow quickly in areas with anchor institutions and where cutting-edge research is taking place. innovation places will set out to identify the places that are already doing a piece of that or have the framework to develop it over time. n Q&A: Glendowlyn L.H. Thames Largest registered investment advisory firms in Greater Hartford (Ranked by number of local investment advisors as of August 2016) Rank Firm No. of local investment advisors Local assets under management Total no. of investment advisors Total assets under management Top local executive/ Title Headquarters Year founded 1 Webster Investments 64 S. Main St. Wallingford, CT 06492 203-741-6580; public.websteronline.com 59 $2,190,000,000 60 $2,800,000,000 John Olerio Sr. vice president & director Waterbury, CT 1995 2 RBC Wealth Management (1) 20 Church St., Suite 2300 Hartford, CT 06103 800-243-2478; www.rbcwmfa.com 50 $5,100,000,000 1,850 $273,000,000,000 Aaron Scott Director, Hartford complex Minneapolis, MN 1909 3 Northstar Wealth Partners (2) 29 S. Main St., Suite B-8 West Hartford, CT 06107 888-886-7737; www.northstarwealthpartners.com, www.nstarwp.com 16 $713,153,111 17 (3) $713,153,111 Robert P. Laraia Founding partner West Hartford, CT 2009 4 Fiduciary Investment Advisors 100 Northfield Drive, 4th Floor Windsor, CT 06095 860-683-1187; www.fiallc.com 14 $45,000,000,000 17 $45,000,000,000 Mark Wetzel President Windsor, CT 2006 5 3D Asset Management Inc. 100 Constitution Plaza, Suite 700 (4) Hartford, CT 06103 860-291-1998; www.3dadvisor.com 11 $159,123,140 (5) 19 $459,321,476 John O'Connor President & COO Hartford, CT (4) 2006 6 Bradley, Foster & Sargent Inc. City Place II, 185 Asylum St. Hartford, CT 06103 860-527-8050; www.bfsinvest.com 10 $1,920,000,000 10 $2,900,000,000 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 10 $750,000,000 15 $750,000,000 Richard Ohanesian President & partner West Hartford, CT 1989 8 USI Advisors Inc. (6) 95 Glastonbury Blvd., Suite 102 Glastonbury, CT 06033 860-633-5283; www.usiadvisorsinc.com 6 $504,882,431 8 $9,739,132,652 Michael Welz President & chief investment officer Glastonbury, CT 1981 9 Gottfried & Somberg Wealth Management LLC 340 Hebron Ave. Glastonbury, CT 06033 860-430-9104; www.gottfriedsomberg.com 6 $460,000,000 6 $460,000,000 Joshua Gottfried Co-founder & principal Glastonbury, CT 1999 10 Karn Couzens & Associates Inc. 10 Melrose Drive Farmington, CT 06032 860-676-2727; karncouzens.com 5 $324,000,000 5 $324,000,000 Robert A. Karn Principal Farmington, CT 1987 11 Smith Brothers Financial LLC 68 National Drive Glastonbury, CT 06033 860-430-3299; www.smithbrothersfs.com 5 $255,000,000 5 $255,000,000 Stephen Michaels Retirement plan specialist & financial advisor Glastonbury, CT 2005 12 Olson Mobeck Investment Advisors (7) 1310 Silas Deane Highway, Suite 201 Wethersfield, CT 06109 860-563-2368; www.olsonmobeck.com 4 $600,000,000 4 $695,497,592 Jeff Liguori Managing director Bridgeport, CT 1976 13 Robert Hensley & Associates 10 Avon Meadow Lane, Suite 1 Avon, CT 06001 860-678-1090; www.hensleyassociates.com 4 $250,000,000 4 $250,000,000 Robert S. Hensley Managing member Avon, CT 1991 14 Hammond Iles Wealth Advisors 100 Great Meadow Road, Suite 701 Wethersfield, CT 06109 860-258-2600; www.hammondiles.com 4 $185,673,000 5 $325,000,000 Greg Hammond CEO & wealth impact strategist Wethersfield, CT 1984 15 Constitution Advisory Group LLC (8) 180 Glastonbury Blvd., Suite 301 Glastonbury, CT 06033 860-368-6932; DND 3 $750,000,000 3 $750,000,000 Arthur B. Sullivan, Principal Thomas A. Ragonese, Managing director St. Louis, MO 2010 16 SKY Investment Group LLC One Financial Plaza, Suite 2010 Hartford, CT 06103 860-761-9700; www.skyig.com 3 $188,392,381 3 $349,426,709 Robert Bingham President Hartford, CT 2005 17 Hunter Capital Advisors Inc. 1000 Farmington Ave., Suite 103 West Hartford, CT 06107 860-236-8500; hunteradv.com 2 $1,455,000,000 2 $1,837,000,000 Tim Burns President West Hartford, CT 2005 18 CCR Wealth Management 124 Hebron Ave. Glastonbury, CT 06033 866-818-7480; www.ccrwealth.com 2 $400,000,000 15 $1,100,000,000 David Borden Principal Westborough, MA 1998 19 Wealth Management Group of North America LLC 10 Talcott Notch Road, Suite 103 Farmington, CT 06032 860-679-5255; www.wmgna.com 1 $75,000,000 2 $150,000,000 Daniel J. Friedman, CEO Brian P Beck, President & CFO Farmington, CT 1995 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. DND = did not disclose. (1) A division of RBC Capital Markets LLC. (2) 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. (3) One advisor located in Rhode Island. (4) Relocated from Founders Plaza in East Hartford in July 2016. (5) Asset figures are from SEC Form ADV filing on Dec. 31, 2015. (6) Part of USI Consulting Group. Figures represent assets under advisement. (7) Subsidiary of People's United Bank. (8) Part of Wells Fargo Advisors. —Compiled by Stephanie R. Meagher. Largest registered investment advisory firms in Greater Hartford (Ranked by number of local investment advisors as of August 2016) Rank Firm No. of local investment advisors Local assets under management Total no. of investment advisors Total assets under management Top local executive/ Title Headquarters Year founded 1 Webster Investments 64 S. Main St. Wallingford, CT 06492 203-741-6580; public.websteronline.com 59 $2,190,000,000 60 $2,800,000,000 John Olerio Sr. vice president & director Waterbury, CT 1995 2 RBC Wealth Management (1) 20 Church St., Suite 2300 Hartford, CT 06103 800-243-2478; www.rbcwmfa.com 50 $5,100,000,000 1,850 $273,000,000,000 Aaron Scott Director, Hartford complex Minneapolis, MN 1909 3 Northstar Wealth Partners (2) 29 S. Main St., Suite B-8 West Hartford, CT 06107 888-886-7737; www.northstarwealthpartners.com, www.nstarwp.com 16 $713,153,111 17 (3) $713,153,111 Robert P. Laraia Founding partner West Hartford, CT 2009 4 Fiduciary Investment Advisors 100 Northfield Drive, 4th Floor Windsor, CT 06095 860-683-1187; www.fiallc.com 14 $45,000,000,000 17 $45,000,000,000 Mark Wetzel President Windsor, CT 2006 5 3D Asset Management Inc. 100 Constitution Plaza, Suite 700 (4) Hartford, CT 06103 860-291-1998; www.3dadvisor.com 11 $159,123,140 (5) 19 $459,321,476 John O'Connor President & COO Hartford, CT (4) 2006 6 Bradley, Foster & Sargent Inc. City Place II, 185 Asylum St. Hartford, CT 06103 860-527-8050; www.bfsinvest.com 10 $1,920,000,000 10 $2,900,000,000 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 10 $750,000,000 15 $750,000,000 Richard Ohanesian President & partner West Hartford, CT 1989 8 USI Advisors Inc. (6) 95 Glastonbury Blvd., Suite 102 Glastonbury, CT 06033 860-633-5283; www.usiadvisorsinc.com 6 $504,882,431 8 $9,739,132,652 Michael Welz President & chief investment officer Glastonbury, CT 1981 9 Gottfried & Somberg Wealth Management LLC 340 Hebron Ave. Glastonbury, CT 06033 860-430-9104; www.gottfriedsomberg.com 6 $460,000,000 6 $460,000,000 Joshua Gottfried Co-founder & principal Glastonbury, CT 1999 10 Karn Couzens & Associates Inc. 10 Melrose Drive Farmington, CT 06032 860-676-2727; karncouzens.com 5 $324,000,000 5 $324,000,000 Robert A. Karn Principal Farmington, CT 1987 11 Smith Brothers Financial LLC 68 National Drive Glastonbury, CT 06033 860-430-3299; www.smithbrothersfs.com 5 $255,000,000 5 $255,000,000 Stephen Michaels Retirement plan specialist & financial advisor Glastonbury, CT 2005 12 Olson Mobeck Investment Advisors (7) 1310 Silas Deane Highway, Suite 201 Wethersfield, CT 06109 860-563-2368; www.olsonmobeck.com 4 $600,000,000 4 $695,497,592 Jeff Liguori Managing director Bridgeport, CT 1976 13 Robert Hensley & Associates 10 Avon Meadow Lane, Suite 1 Avon, CT 06001 860-678-1090; www.hensleyassociates.com 4 $250,000,000 4 $250,000,000 Robert S. Hensley Managing member Avon, CT 1991 14 Hammond Iles Wealth Advisors 100 Great Meadow Road, Suite 701 Wethersfield, CT 06109 860-258-2600; www.hammondiles.com 4 $185,673,000 5 $325,000,000 Greg Hammond CEO & wealth impact strategist Wethersfield, CT 1984 15 Constitution Advisory Group LLC (8) 180 Glastonbury Blvd., Suite 301 Glastonbury, CT 06033 860-368-6932; DND 3 $750,000,000 3 $750,000,000 Arthur B. Sullivan, Principal Thomas A. Ragonese, Managing director St. Louis, MO 2010 16 SKY Investment Group LLC One Financial Plaza, Suite 2010 Hartford, CT 06103 860-761-9700; www.skyig.com 3 $188,392,381 3 $349,426,709 Robert Bingham President Hartford, CT 2005 17 Hunter Capital Advisors Inc. 1000 Farmington Ave., Suite 103 West Hartford, CT 06107 860-236-8500; hunteradv.com 2 $1,455,000,000 2 $1,837,000,000 Tim Burns President West Hartford, CT 2005 18 CCR Wealth Management 124 Hebron Ave. Glastonbury, CT 06033 866-818-7480; www.ccrwealth.com 2 $400,000,000 15 $1,100,000,000 David Borden Principal Westborough, MA 1998 19 Wealth Management Group of North America LLC 10 Talcott Notch Road, Suite 103 Farmington, CT 06032 860-679-5255; www.wmgna.com 1 $75,000,000 2 $150,000,000 Daniel J. Friedman, CEO Brian P Beck, President & CFO Farmington, CT 1995 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. DND = did not disclose. (1) A division of RBC Capital Markets LLC. (2) 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. (3) One advisor located in Rhode Island. (4) Relocated from Founders Plaza in East Hartford in July 2016. (5) Asset figures are from SEC Form ADV filing on Dec. 31, 2015. (6) Part of USI Consulting Group. Figures represent assets under advisement. (7) Subsidiary of People's United Bank. (8) Part of Wells Fargo Advisors. —Compiled by Stephanie R. Meagher.