Carroll Consultants Advisors, Ltd. (Wayne)


Carroll Consultants Advisors, Ltd. is a large advisory firm based in Wayne. It manages $1.68 billion of regulatory assets for 123 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Pennsylvania.

Carroll Consultants Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Carroll Consultants Advisors: assets under management

The assets under management (AUM) of Carroll Consultants Advisors, Ltd. is $1.68 billion. The firm's AUM has grown by 40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $135.43 million in discretionary accounts and $1.55 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $19.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.33 million.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Carroll Consultants Advisors, Ltd. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Carroll Consultants Advisors serves?

The firm provides services to individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Carroll Consultants Advisors is pension and profit sharing plans with 96 clients and $1.66 billion of assets under management. Among the 10 most similar advisory firms, Carroll Consultants Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.68 billion for 123 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.

Carroll Consultants Advisors doesn't advise any private funds.

Careers at Carroll Consultants Advisors, Ltd.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Carroll Consultants Ltd. Shareholder 1 Oct 2011 75% - 100% 159350
Thomas Henry Giedgowd Chief compliance officer 1 Oct 2011 Other 2557757

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Benedict Carroll Shareholder 1 Aug 1994 75% - 100% 5033769
Marcella Ann Carroll Shareholder 1 Aug 2014 75% - 100% 5501533

Based in Wayne

The principal office where Carroll Consultants Advisors, Ltd. performs its advisory services is located at Two Glenhardie Corporate Center, Wayne, PA 19087, 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 610-225-1210 or by fax 610-971-0660. The normal business hours are 8:00 a.m to 5:00 p.m. on Monday - Friday.