First Allied Advisory Services, Inc. (San Diego)

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

First Allied Advisory Services: assets under management

The assets under management (AUM) of First Allied Advisory Services, Inc. is $5.98 billion. The firm's AUM has grown by 558% since the beginning of its operation, and $2.53 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.9 billion in discretionary accounts and $74.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $198.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $175.89 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Allied Advisory Services, 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 Robin Henry Rodermund 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 Robin Henry Rodermund is individuals with 24,609 clients and $3.37 billion of assets under management. Among the 9 most similar advisory firms, First Allied Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $5.98 billion for 30,127 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.

First Allied Advisory Services doesn't advise any private funds.

Careers at First Allied Advisory Services, Inc.

The company employs 609 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 609 employees are registered as investment adviser representatives with the state securities authorities.

There are 15 people 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.

Robin Henry Rodermund has been acting as President since 1 Dec 2012. Joseph Daniel Neary joined the executive team most recently as the Manager/Director.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 15 indirect owners.

Based in San Diego

The principal office where First Allied Advisory Services, Inc. performs its advisory services is located at 655 W. Broadway, San Diego, CA 92101 The mailing address of the firm is P.O. Box 85549, San Diego, CA 92186 5549. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-378-1376 or by fax 636-537-9104. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at ccoughlin.retirementtime.com.

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