Girard Partners Ltd. (King Of Prussia)


Girard Partners Ltd. is a large advisory firm based in King Of Prussia. It manages $1.27 billion of regulatory assets for 3,486 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Delaware, and 19 other states.

Girard Partners 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 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Girard Partners: assets under management

The assets under management (AUM) of Girard Partners Ltd. is $1.27 billion. The firm's AUM has grown by 3747% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.06 billion in discretionary accounts and $212.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $315.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.51 million.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Girard Partners Ltd. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Richard Bascom Seidel 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 Richard Bascom Seidel is high net worth individuals with 413 clients and $739.07 million of assets under management. Among the 9 most similar advisory firms, Girard Partners has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.27 billion for 1,637 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.

Girard Partners doesn't advise any private funds.

Careers at Girard Partners Ltd.

The company employs 37 people that are either part- or full-time employees. 97 percent of the employees work as investment advisers or researchers. 36 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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 don’t receive compensation from other entities for client referrals.

Richard Bascom Seidel has been acting as President since 1 Sep 2004. Univest Bank And Trust Co. joined the executive team most recently as the Parent.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richard Bascom Seidel President, treas & director 1 Mar 1995 25% - 50% 1232224
Don Richard Naimoli Vice president,secretary 1 Mar 1995 Other 1255174
Kevin Brian Norris Vice president 1 Oct 1995 25% - 50% 2498441
John Wheeler Jr Church Executive vice president 1 Sep 1998 Other 3013316
Richard Bascom Seidel Chairman 1 Sep 2004 25% - 50% 1232224
John Wheeler Jr Church Chief investment strategist 1 Sep 2004 Other 3013316
Don Richard Naimoli Vice president of taxation & operations 1 Sep 2004 Other 1255174
Kevin Brian Norris President, chief investment officer 1 Nov 2004 Other 2498441
Thomas J Crossett Vice president sales & marketing 1 Jun 2005 Other 3223221
John Wheeler Jr Church Shareholder 1 Dec 2005 Other 3013316
Lisa Marie Colon Chief compliance officer 1 Apr 2011 Other 2392261
Kenneth Dean Hochstetler Chief executive officer 1 Jan 2014 Other 4039345
Inc. Delview Parent company 1 Jan 2014 75% - 100% 51-0384794

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Univest Corporation Of Pennsylvania Parent 1 Jan 1999 75% - 100% 23-1886144
Univest Bank And Trust Co. Parent 1 Jan 2014 75% - 100% 23-1171580

Based in King Of Prussia

The principal office where Girard Partners Ltd. performs its advisory services is located at 555 Croton Road, King Of Prussia, PA 19406, which is also the mailing address of the firm. An additional office of the firm is in Doylestown, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-337-7640 or by fax 610-337-7644. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at girardpartners.com.