Allen & Company Of Florida, Inc. is a large advisory firm based in Lakeland. It manages $987.86 million of regulatory assets for 2,585 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 28 other states.
Allen & Company Of Florida provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Allen & Company Of Florida, Inc. is $987.86 million. The firm's AUM has grown by 228% since the beginning of its operation, and $5.8 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Allen & Company Of Florida, Inc. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Scott Edward Mchugh is high net worth individuals with 236 clients and $443.95 million of assets under management. Among the 8 most similar advisory firms, Allen & Company Of Florida has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $987.86 million for 2,542 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.
Allen & Company Of Florida doesn't advise any private funds.
The company employs 65 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 33 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.
Scott Edward Mchugh has been acting as President since 1 Feb 2017. Lpl Employee Services Llc joined the executive team most recently as the Managing Member.
The principal office where Allen & Company Of Florida, Inc. performs its advisory services is located at 1401 South Florida Ave, Lakeland, FL 33803, which is also the mailing address of the firm. An additional office of the firm is in Viera, FL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 863-688-9000 or by fax 863-688-7813. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at alleninvestments.com and its LinkedIn profile.