Lockwood Advisors Inc is a large advisory firm based in King Of Prussia. It manages $7 billion of regulatory assets for 35,718 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Lockwood Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and mutual fund screening, model portfolio delivery. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as platform service provider.
The assets under management (AUM) of Lockwood Advisors Inc is $7 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 43% since the beginning of its operation, and $1.86 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Lockwood Advisors Inc for their services and products based on a percentage of assets under management 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.
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 David Richard Hopkins is individuals with 28,794 clients and $5.01 billion of assets under management. Among the 11 most similar advisory firms, Lockwood Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $7 billion for 30,038 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.
Lockwood Advisors doesn't advise any private funds.
The company employs 33 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 22 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 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.
David Richard Hopkins has been acting as President since 1 Nov 2011. John Robert Bachik joined the executive team most recently as the Chief Compliance Officer.
The principal office where Lockwood Advisors Inc performs its advisory services is located at 760 Moore Road, King Of Prussia, PA 19406, 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 484-801-8100 or by fax 484-801-8272. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at pershing.com/financial business solutions/managed investments/index.html.