Hefren Tillotson, Inc. is a large advisory firm based in Pittsburgh. It manages $7.77 billion of regulatory assets for 24,752 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 29 other states.
Hefren Tillotson provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Hefren Tillotson, Inc. is $7.77 billion. The firm's AUM has grown by 1467% since the beginning of its operation, and $3.82 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Hefren Tillotson, Inc. for their services and products based on a percentage of assets under management, hourly charges, and commissions. 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, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Donald Mcghee Belt is high net worth individuals with 3,280 clients and $5.01 billion of assets under management. Among the 8 most similar advisory firms, Hefren Tillotson has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $7.77 billion for 10,760 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Hefren Tillotson doesn't advise any private funds.
The company employs 236 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 132 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Donald Mcghee Belt has been acting as President since 1 Nov 2018. Craig Arthur Tillotson joined the executive team most recently as the Vice Chairman.
The principal office where Hefren Tillotson, Inc. performs its advisory services is located at 308 Seventh Ave, Pittsburgh, PA 15222, which is also the mailing address of the firm. An additional office of the firm is in Canonsburg, PA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 412-434-0990 or by fax 412-261-4348. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at hefren.com.