Lockwood Advisors Inc (King Of Prussia)

Name: Lockwood Advisors Inc
Address: 760 Moore Road, King Of Prussia, PA, 19406
Telephone: 484-801-8100

Lockwood Advisors Inc is a large advisory firm based in King Of Prussia. It manages $7 billion of regulatory assets for 35,718 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Lockwood Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and mutual fund screening, model portfolio delivery. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as platform service provider.

Lockwood Advisors: assets under management

The assets under management (AUM) of Lockwood Advisors Inc is $7 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 43% since the beginning of its operation, and $1.86 million of the total AUM is attributable to clients outside of the United States.

The firm manages $7 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $196.09 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lockwood Advisors Inc for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Richard Hopkins serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of David Richard Hopkins is individuals with 28,794 clients and $5.01 billion of assets under management. Among the 11 most similar advisory firms, Lockwood Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $7 billion for 30,038 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Lockwood Advisors doesn't advise any private funds.

Careers at Lockwood Advisors Inc

The company employs 33 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 22 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

David Richard Hopkins has been acting as President since 1 Nov 2011. John Robert Bachik joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter John Goulandris	Trueward shareholder	1 Apr 1996	25% - 50%	2723653
John Robert Lohr	General counsel	1 Apr 1996	Other	1676488
Inc. Lfg	Parent corporation	1 Apr 1996	75% - 100%	23-2826419
Anthony John Francis Oreilly	Woodlock shareholder	1 Apr 1996	75% - 100%	2723651
Chryssanthie J Oreilly	Trueward shareholder	1 Apr 1996	75% - 100%	2723652
Gerard Scarpati	Chief financial officer	1 Apr 1996	Other	2313132
Leonard Alan Reinhart	Lfg director/shareholder	1 Apr 1996	Other	871907
Ltd. Trueward Investment	Lfg shareholder	1 Apr 1996	25% - 50%	foreign entity
Ltd. Woodlock Investment	Lfg shareholder	1 Apr 1996	25% - 50%	foreign entity
Christopher William Tomecek	President	1 Mar 2000	Other	1356199
Patricia Ann Bicket	Secretary	1 Oct 2002	Other	4030557
James Roy Burdette	Vice president	1 Oct 2002	Other	2793232
Richard Vance Garrett	Vice president	1 Oct 2002	Other	2800056
Elizabeth C Detwiler	Asst. secretary	1 Oct 2002	Other	4361137
Ralph Michael Mastrangelo	Director	1 Oct 2002	Other	3168192
Thomas J. Mastro	Treasurer	1 Oct 2002	Other	3242279
Charles Edward Rappold	Director	1 Oct 2002	Other	1095326
Fred J Ricciardi	Director	1 Oct 2002	Other	3030047
Brian Gerard Rogan	Director	1 Oct 2002	Other	3041279
Anthony Zangre	Vice president	1 Oct 2002	Other	4240260
Lee Wortham	Director	1 Oct 2002	Other	4604056
Heather Sisler	Asst. secretary	1 Oct 2002	Other	4604058
Edgar Ortiz	Vice president	1 Oct 2002	Other	4604063
Robert Joseph Duddie	Vice president	1 Dec 2002	Other	1498367
Thomas Arthur Heiniman	Vice president	1 Dec 2002	Other	4229333
George Hubley	Cfo/asst. treasurer	1 Aug 2003	Other	4703467
Brian Thomas Shea	Vice president	1 Feb 2004	Other	1176298
Richard Frederick Brueckner	Director	1 Feb 2004	Other	878486
The Bank Of New York Separate Account Services	Parent corporation	1 Jun 2004	75% - 100%	23-2826419
Inc Bny Separate Account Services	Parent corporation	1 Jun 2004	75% - 100%	23-2826419
Leonard Alan Reinhart	President	1 Oct 2004	Other	871907
Anthony Marcucci	Cfo/asst. treasurer	1 Oct 2004	Other	4866604
Michelle Marie Logue	Chief compliance officer	1 Oct 2004	Other	2169361
James Joesph Seuffert	Vice president	1 Oct 2004	Other	1037647
James Joseph Seuffert	Director	1 Oct 2004	Other	1037647
Christina Marie Mcclellan	Cfo	1 Jul 2005	Other	4369407
Donald Thomas Marchesiello	Vice president	1 Dec 2006	Other	4524381
Dennis Allen Wallestad	Director	1 Dec 2006	Other	2606085
Chad James Cutcliff	Chief financial officer	1 May 2007	Other	5308942
Denise Marie Hintzke	Vice president	1 May 2007	Other	5372713
James Joseph Seuffert	President/director	1 Jan 2008	Other	1037647
James Joseph Seuffert	Director	1 Mar 2008	Other	1037647
Donald Thomas Marchesiello	President	1 Mar 2008	Other	4524381
James Joseph Seuffert	President	1 Jan 2010	Other	1037647
David Richard Hopkins	Director	1 Nov 2011	Other	4802877
Lisa Ann Dolly	Director	1 Nov 2011	Other	1895627
Ronald Decicco	Director	1 Dec 2011	Other	2172192
David Richard Hopkins	Director	1 Dec 2011	Other	4802877
Lisa Ann Dolly	Director	1 Dec 2011	Other	1895627
Lisa Ann Dolly	President	1 Jul 2012	Other	1895627
Steven James Dunlap	President	1 Jan 2013	Other	2232790
John Joseph Brett	Chairman, director	1 Mar 2013	Other	726194
John Joseph Brett	President	1 Jul 2013	Other	726194
Joel Daniel Hempel	Chief operating officer	1 Mar 2014	Other	2439235
Gary Thomas Johnson	Chief compliance officer	1 Aug 2014	Other	1088136
Frank Warren Hewitt	Vice president, treasurer	1 Mar 2015	Other	2595963
Michelle Marie Logue	Chief compliance officer	1 Apr 2015	Other	2169361
Lisa Ann Dolly	Director	1 Jun 2016	Other	1895627
James Thomas Crowley	Director	1 Feb 2018	Other	1087182
Thomas Patrick Sholes	Chairman, director, president	1 May 2018	Other	1561893
Michael Christopher Hlushak	Treasurer	1 Mar 2019	Other	6890840
Joan Leslie Schwartz	Director	1 Mar 2019	Other	2477613
Cristina Marie Rice	Assistant secretary	1 Mar 2019	Other	4242888
John Robert Bachik	Chief compliance officer	1 Apr 2019	Other	3189493

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Bank Of New York	Shareholder	1 Oct 2002	75% - 100%	13-5160382
The Bank Of New York Mellon Corporation	Shareholder	1 Jun 2004	75% - 100%	13-2614959
The Bank Of New York	Shareholder	1 Jun 2004	75% - 100%	13-5160382
Inc. The Bank Of New York Co	Shareholder	1 Jun 2004	75% - 100%	13-2614959
Pershing Llc	Shareholder	1 Jun 2004	75% - 100%	7560
Pershing Group Llc	Shareholder	1 Jun 2004	75% - 100%	11-3743323
Pershing Group Llc	Shareholder	1 Nov 2011	75% - 100%	11-3743323

Based in King Of Prussia

The principal office where Lockwood Advisors Inc performs its advisory services is located at 760 Moore Road, King Of Prussia, PA 19406, 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 484-801-8100 or by fax 484-801-8272. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at pershing.com/financial business solutions/managed investments/index.html.