United Advisors, LLC (Maumee)

Name: United Advisors, LLC
Address: 1715 Indian Wood Circle, Maumee, OH, 43537
Telephone: 201-864-0500

United Advisors, LLC is a related adviser based in Maumee. It manages $63.86 million of regulatory assets for 512 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Florida, and 17 other states.

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

United Advisors: assets under management

The assets under management (AUM) of United Advisors, LLC is $63.86 million. The firm's AUM has gone down by -60% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $46.58 million in discretionary accounts and $17.28 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.46 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $70.52 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay United Advisors, LLC 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 United Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of United Advisors is individuals with 184 clients and $59.64 million of assets under management. Among the 4 most similar advisory firms, United Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $63.86 million for 186 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.

United Advisors doesn't advise any private funds.

Careers at United Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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
Llc United Atlantic Capital	Member	1 Dec 2004	75% - 100%	20-0758988
Darin Patrick Pope	Senior vice president / manager	1 Jan 2005	Other	1894306
Philip Knight Selden	Chief compliance officer	1 Jan 2007	Other	1815451
Frank P Echelmeyer	Chief compliance officer	1 Apr 2015	Other	4444168
Jonathan Charles Goldstein	General counsel and interim cco	1 Aug 2015	Other	6216947
Mark Hulbert Penske	Managing member	1 Jan 2016	75% - 100%	4450959
Jaclyn Aime Sandler	Chief compliance officer and chief operating officer	1 Mar 2016	Other	4412309

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mark Hulbert Penske	Member	1 Feb 2004	75% - 100%	4450959
Damian Hubert Peter	Member	1 Feb 2004	25% - 50%	4385494

Based in Maumee

The principal office where United Advisors, LLC performs its advisory services is located at 1715 Indian Wood Circle, Maumee, OH 43537, which is also the mailing address of the firm. An additional office of the firm is in Hopkins, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 201-864-0500 or by fax 201-864-9977. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at uawealth.com.