Ssn Advisory, Inc. (Knoxville)

Ssn Advisory, Inc. is a large advisory firm based in Knoxville. It manages $2.89 billion of regulatory assets for 12,794 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Ssn Advisory provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ssn Advisory: assets under management

The assets under management (AUM) of Ssn Advisory, Inc. is $2.89 billion. The firm's AUM has grown by 1961% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.36 billion in discretionary accounts and $536.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $228.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $216.59 thousand.

Ssn Advisory has custody of $900.45 million in cash and securities for 3,032 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 80% of the total AUM. The second-largest asset type is other assets, which make up 7% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ssn Advisory, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Philip Salvatore Blancato 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 Philip Salvatore Blancato is individuals with 9,947 clients and $2.23 billion of assets under management. Among the 9 most similar advisory firms, Ssn Advisory has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.89 billion for 11,985 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.

Ssn Advisory doesn't advise any private funds.

Careers at Ssn Advisory, Inc.

The company employs 246 people that are either part- or full-time employees. 87 percent of the employees work as investment advisers or researchers. 220 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Ssn Advisory, Inc. is owned by David Lee Coffey. Philip Salvatore Blancato has been acting as President since 1 Jan 2015. Crystal Lee Godbee joined the executive team most recently as the Vice President Of Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wade Shannon Wilkinson	President and ceo	1 Mar 2003	Other	2312703
Ronald Thomas Klimas	Senior vice president of compliance	1 Mar 2003	Other	2321602
Jayaprakash M Patel	Vice president of accounting	1 Mar 2003	Other	2973297
Inc. Securities Service Network	Owner	1 Mar 2003	75% - 100%	13318
Jayaprakash Mohanbhai Patel	Senior vice president of accounting	1 Mar 2003	Other	2973297
Llc Securities Service Network	Owner	1 Mar 2003	75% - 100%	13318
David Lee Coffey	Owner	1 Mar 2003	75% - 100%	2655644
Carl David Hollingsworth	President	1 Mar 2003	Other	2622648
Michael Edward Neubeck	Executive vice president	1 Mar 2003	Other	1390358
Katrina Lou Calloway	Assistant vice president and client services manager	1 Mar 2003	Other	1234922
David Thomas Bellaire	Vice president of operations and counsel	1 Mar 2003	Other	2386161
Jonathan Elmer Maas	Vice president, trading	1 Jan 2006	Other	2793069
The David L. Coffey Grantor Retained Annuity Trust	Owner	1 Mar 2006	75% - 100%	20-6891961
David Michael Coffey	Trustee	1 Mar 2006	Other	5252713
Barbara Catherine Mcnally	Vice president of operations	1 Jul 2006	Other	1011283
John Douglas Baxley	Vice president, chief compliance officer	1 Aug 2009	Other	3214809
The David L And Patricia Coffey Descendants Trust	Owner	1 Aug 2011	75% - 100%	45-6298240
Philip Salvatore Blancato	Director	1 Jan 2015	Other	2122221
Joseph Giovanniello	Director	1 Jan 2015	Other	3086071
Brett H Kaufman	Director	1 Jan 2015	Other	5514420
Adam Scott Malamed	Director	1 Jan 2015	Other	2560518
Joseph N/A Giovanniello	Director	1 Jan 2015	Other	3086071
Brett Heath Kaufman	Director	1 Jan 2015	Other	5514420
Gregory William Kalosieh	Vice president of sales and marketing	1 Nov 2015	Other	3182645
Gregory W. Kalosieh	Vice president of sales and marketing	1 Nov 2015	Other	3182645
Heath James Smargiasso	Chief compliance officer of ssnai	1 Jun 2017	Other	2830963
Heath James Smargiasso	Vice president and chief compliance officer of ssnai	1 May 2018	Other	2830963
Crystal Lee Godbee	Vice president of operations	1 Dec 2018	Other	5629010

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Ladenburg Thalmann Financial Services	Owner	1 Jan 2015	75% - 100%	62-0701248

Based in Knoxville

The principal office where Ssn Advisory, Inc. performs its advisory services is located at 9729 Cogdill Road, Knoxville, TN 37932, which is also the mailing address of the firm. An additional office of the firm is in Birmingham, AL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-264-5499. The normal business hours are 8am-5pm (m-th) 8am-4pm (f) on Monday - Friday.