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.
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 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.
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.
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.
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.