Ullico Investment Advisors, Inc. (Silver Spring)

Name: Ullico Investment Advisors, Inc.
Address: 8403 Colesville Road, Silver Spring, MD, 20910
Telephone: 202-962-8951

Ullico Investment Advisors, Inc. is a large advisory firm based in Silver Spring. It manages $2.92 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Maryland.

Ullico Investment Advisors provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ullico Investment Advisors: assets under management

The assets under management (AUM) of Ullico Investment Advisors, Inc. is $2.92 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 230% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.92 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $265.9 million each.

Investments

The firm invests in government bonds the most. They account for 45% of the total AUM. The second-largest asset type is other assets, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ullico Investment Advisors, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Herbert Kolben serves?

The firm provides services to insurance companies, other investment advisers, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Herbert Kolben is pooled investment vehicles with 5 clients and $2.16 billion of assets under management. Among the 9 most similar advisory firms, Ullico Investment Advisors has the lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.92 billion for 12 clients. None of the firm’s clients are foreign persons or businesses.

Ullico Investment Advisors also advises several private funds. Namely, three other private funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Ullico Investment Advisors, Inc.

The company employs 42 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Herbert Kolben has been acting as President since 1 Feb 2011. Brian James Hale joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ullico Inc.	Beneficial owner	1 Jan 1990	75% - 100%	1579726
Cathy Ann Humphrey	Vice president, investment operations	1 Mar 2004	Other	4899999
Cathy Ann Humphrey	Director, chief compliance officer	1 Dec 2004	Other	4899999
Mark Ernest Singleton	Director	1 Jul 2006	Other	1963783
Joseph Richard Linehan	Vp portfolio management, director	1 Jul 2006	Other	4951041
Adam Mark Fried	Treasurer	1 Aug 2006	Other	4949851
Adam Mark Fried	Secretary treasurer, chief financial officer	1 Jan 2007	Other	4949851
Adam Mark Fried	Chief financial officer	1 Mar 2007	Other	4949851
Herbert Kolben	Director	1 Sep 2008	Other	5655370
Peter Maxwell Jones	President	1 Jan 2009	Other	1961022
Peter Maxwell Jones	Director	1 May 2009	Other	1961022
Joseph Richard Linehan	Acting president, director	1 Jan 2011	Other	4951041
William Kane Cavanagh	Director, vice president, sales	1 Jan 2011	Other	5806125
Herbert Kolben	Director	1 Feb 2011	Other	5655370
Richard Francis Larocque	Chief compliance officer	1 Jul 2011	Other	2874559
Joseph Richard Linehan	President, director	1 Aug 2011	Other	4951041
Cathy Ann Humphrey	Director, chief operating officer	1 Jan 2012	Other	4899999
Jeffrey Brent Murphy	President and manager (relying adviser)	1 Jan 2017	Other	5716045
Sonia Maria Axter	Secretary and manager (relying adviser)	1 Jan 2017	Other	4592586
Rohit Syal	Treasurer and manager (relying adviser)	1 Jan 2017	Other	5567738
Reed Singer	Vice president (relying adviser)	1 Jan 2017	Other	6246567
Inc. Ullico Investment Advisors	Owner (relying adviser)	1 Jan 2017	75% - 100%	106628
Llc Ullico Infrastructure Partners	Owner (relying adviser)	1 Jan 2017	Other	81-3981081
Cathy Ann Humphrey	Manager (relying adviser)	1 Jan 2017	Other	4899999
Joseph Richard Linehan	Manager (relying adviser)	1 Jan 2017	Other	4951041
Brian James Hale	Manager (relying adviser)	1 Jan 2017	Other	3266648
Michael Lundberg Pistner	Manager (relying adviser)	1 Jan 2017	Other	2932182
Damon Gasque	Manager (relying adviser)	1 Jan 2017	Other	6746815
Brian James Hale	Director	1 Aug 2017	Other	3266648
Kenneth Dunlop Scott	Director	1 Aug 2017	Other	731493

Based in Silver Spring

The principal office where Ullico Investment Advisors, Inc. performs its advisory services is located at 8403 Colesville Road, Silver Spring, MD 20910, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 202-962-8951 or by fax 202-682-6784. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ullico.com.