Valmark Advisers Inc (Akron)

Name: Valmark Advisers Inc
Address: 130 Springside Drive, Akron, OH, 44333
Telephone: 800-765-5201

Valmark Advisers Inc is a large advisory firm based in Akron. It manages $5.14 billion of regulatory assets for 7,948 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 47 other states.

Valmark Advisers provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and consulting. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Valmark Advisers: assets under management

The assets under management (AUM) of Valmark Advisers Inc is $5.14 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1770% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.14 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $646.43 thousand each.

Valmark Advisers has custody of $68 million in cash and securities for 170 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Valmark Advisers Inc 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 Timothy Lee Voorhees serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Timothy Lee Voorhees is investment companies with 1 clients and $2.42 billion of assets under management. Among the 8 most similar advisory firms, Valmark Advisers has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $5.14 billion for 7,948 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.

Valmark Advisers doesn't advise any private funds.

Careers at Valmark Advisers Inc

The company employs 230 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 230 employees are registered as investment adviser representatives with the state securities authorities.

There are 26 people 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 receive compensation from other entities for client referrals.

Timothy Lee Voorhees has been acting as President since 1 Jul 2002. Michael Andrew Mcclary has served as the Chief Investment Officer since 1 Jan 2010. Elizabeth Erin Kozenko joined the executive team most recently as the Vp Accounting & Finance.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Kenton Critzer	Cfo	1 May 1999	Other	2836741
Llc Valmark Investments	Interm. shareholder	1 Jun 2000	75% - 100%	34-1924302
Mark Edward Pusey	Vice president	1 Sep 2000	Other	4010175
Lawrence Joseph Rybka	Vice president, ceo, coo	1 Jul 2002	25% - 50%	1661511
Timothy Lee Voorhees	President	1 Jul 2002	Other	856280
Lawrence Joseph Rybka	President, ceo, coo	1 Aug 2003	25% - 50%	1661511
Richard Michael Arceci	President, coo, cco	1 Jan 2004	Other	1173612
Eric Donald Coffman	Vice president	1 Oct 2005	Other	2206779
Lynn Marie Goebel	Chief compliance officer	1 Jan 2010	Other	5008554
Michael Andrew Mcclary	Chief investment officer	1 Jan 2010	Other	4802823
Lynn M. Goebel	Chief compliance officer	1 Jan 2010	Other	5008554
Shelly Ann Goering	Chief legal officer	1 Nov 2011	Other	4712335
Dean Douglas Kohmann	Senior vice president, investment services	1 Aug 2013	Other	2915507
Betty A Brost	Chief financial officer	1 Jan 2014	Other	1533263
Douglas Frederick Wilburn	Chief compliance officer	1 Jul 2015	Other	1407686
Caleb Jonathan Callahan	Evp, chief operating officer	1 Aug 2015	Other	5011454
Elizabeth Erin Kozenko	Vp accounting & finance	1 Feb 2018	Other	6218110

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Executive Insurance Agency	Member	1 Jun 2000	75% - 100%	34-1004471
Valmark Insurance Agency Llc	Interm. shareholder	1 Jun 2000	75% - 100%	34-1924305
Lawrence Joseph Rybka	Manager	1 Jun 2000	25% - 50%	1661511
Lawrence Steve Rybka	Member	1 Jun 2000	Other	1039849
Inc. Securian Ventures	Member	1 Jun 2000	75% - 100%	41-1972962
Josephine Rybka	Member	1 Jun 2000	Other	4353939
Valmark Financial Group Llc	Interm. shareholder	1 Jun 2016	75% - 100%	34-1924302
Llc) Valmark Financial Group Llc (Fka Valmark Insurance Agency	Interm. shareholder	1 Jun 2016	75% - 100%	34-1924302

Based in Akron

The principal office where Valmark Advisers Inc performs its advisory services is located at 130 Springside Drive, Akron, OH 44333, which is also the mailing address of the firm. An additional office of the firm is in Falmouth, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-765-5201 or by fax 330-576-1250. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at valmarksecurities.com.