Morrison Fiduciary Advisors, Inc. (Pittsburgh)

Name: Morrison Fiduciary Advisors, Inc.
Address: 1405 Mcfarland Road, Pittsburgh, PA, 15216
Telephone: 412-344-6052

Morrison Fiduciary Advisors, Inc. is a pension cosultant based in Pittsburgh. It manages $1.15 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Pennsylvania.

Morrison Fiduciary Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Morrison Fiduciary Advisors: assets under management

The assets under management (AUM) of Morrison Fiduciary Advisors, Inc. is $1.15 billion. The firm's AUM has gone down by -7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $59.63 million in discretionary accounts and $1.09 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $59.63 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $72.69 million.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 15% of the firm’s portfolio. Investments in investment grade corporate bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Morrison Fiduciary 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.

What kind of clients Morrison Fiduciary Advisors serves?

The firm provides services to high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Morrison Fiduciary Advisors is state or municipal government entities with 11 clients and $1.01 billion of assets under management. Among the 8 most similar advisory firms, Morrison Fiduciary Advisors has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $1.15 billion for 16 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.

Morrison Fiduciary Advisors doesn't advise any private funds.

Careers at Morrison Fiduciary Advisors, Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frank Rupert Burnette	Principal & senior consultant	1 Jun 2002	75% - 100%	1447364
Frank Rupert Burnette	Principal & senior consultant	1 Jul 2003	75% - 100%	1447364
Robert John Bulas	Chief compliance officer	1 Aug 2004	Other	2656499
Robert John Bulas	Vice president	1 Jan 2005	Other	2656499
Gary John Zentner	Senior consultant	1 May 2008	Other	2106972
Jamie Rae Gugliuzza	Administrative officer	1 Jan 2009	Other	5656131
John Kimball	Senior consultant	1 Jun 2012	Other	6087325
Thomas Aquinas Dattilo	Senior consultant	1 Feb 2013	Other	1025949

Based in Pittsburgh

The principal office where Morrison Fiduciary Advisors, Inc. performs its advisory services is located at 1405 Mcfarland Road, Pittsburgh, PA 15216, 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 412-344-6052 or by fax 412-774-1565. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at morrisonadvisors.com.