Csenge Advisory Group, LLC (Clearwater)

Name: Csenge Advisory Group, LLC
Address: 4755 East Bay Drive, Clearwater, FL, 33764
Telephone: 727-437-6000

Csenge Advisory Group, LLC is a large advisory firm based in Clearwater. It manages $665.41 million of regulatory assets for 3,776 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Arizona, California, and 27 other states.

Csenge Advisory Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and asset allocation services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Csenge Advisory Group: assets under management

The assets under management (AUM) of Csenge Advisory Group, LLC is $665.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2509% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $665.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $176.22 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Csenge Advisory Group, LLC 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 Csenge Advisory Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Csenge Advisory Group is individuals with 2,354 clients and $443.76 million of assets under management. Among the 8 most similar advisory firms, Csenge Advisory Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $665.41 million for 2,448 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.

Csenge Advisory Group doesn't advise any private funds.

Careers at Csenge Advisory Group, LLC

The company employs 38 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 30 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 doesn’t compensate 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
John Louis Csenge	Managing member - president	1 Apr 2000	50% - 75%	703680
Stephen James Csenge	Managing member - cco	1 Nov 2004	25% - 50%	1236240
Jennifer Linhart Hunter	Chief compliance officer	1 Mar 2016	Other	2903090
Eric Jason Caisse	Partner	1 Nov 2017	Other	2918662
Sara Noelle Witt	Chief compliance officer	1 Dec 2018	Other	6243307

Based in Clearwater

The principal office where Csenge Advisory Group, LLC performs its advisory services is located at 4755 East Bay Drive, Clearwater, FL 33764, which is also the mailing address of the firm. An additional office of the firm is in Flossmoor, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 727-437-6000 or by fax 727-437-6650. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at csenge.com/.