Conservest Capital Advisors Inc (Wynnewood)


Conservest Capital Advisors Inc is a large advisory firm based in Wynnewood. It manages $1.08 billion of regulatory assets for 230 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 8 other states.

Conservest Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Conservest Capital Advisors: assets under management

The assets under management (AUM) of Conservest Capital Advisors Inc is $1.08 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 235% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.08 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.71 million each.
Conservest Capital Advisors has custody of $1.21 billion in cash and securities for 232 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is state and local bonds, which make up 15% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Conservest Capital 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 Bruce Eugene Kardon serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Bruce Eugene Kardon is high net worth individuals with 155 clients and $1.01 billion of assets under management. Among the 7 most similar advisory firms, Conservest Capital Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.07 billion for 220 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.

Conservest Capital Advisors doesn't advise any private funds.

Careers at Conservest Capital Advisors Inc

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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 receive compensation from other entities for client referrals.

Bruce Eugene Kardon has been acting as President since 1 Jun 1993. Patrick Andrew Chism joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Bruce Eugene Kardon President 1 Jun 1993 75% - 100% 2373039
Jennifer Ann Garrett Chief compliance officer 1 Mar 2004 Other 1628496
Robert Joseph Schneider Chief compliance officer 1 Nov 2005 Other 2193351
Patrick Andrew Chism Chief compliance officer 1 Dec 2016 Other 2875421
Christina Francesca Copeland Principal 1 Dec 2016 Other 4134134

Based in Wynnewood

The principal office where Conservest Capital Advisors Inc performs its advisory services is located at 257 E. Lancaster Avenue, Wynnewood, PA 19096, 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 610-642-9588 or by fax 610-642-9599. The normal business hours are 9am-5pm on Monday - Friday.