Fuhrman Management Associates, Inc. (Fort Washington)

Name: Fuhrman Management Associates, Inc.
Address: 512 S. Bethlehem Pike, Fort Washington, PA, 19034
Telephone: 215-619-4000

Fuhrman Management Associates, Inc. is a large advisory firm based in Fort Washington. It manages $232.67 million of regulatory assets for 617 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Maryland, New Hampshire, and 5 other states.

Fuhrman Management Associates provides financial planning services, portfolio management for individuals and small businesses, and advisory services for retirement plans, 401(k)s and certain 529 plans. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fuhrman Management Associates: assets under management

The assets under management (AUM) of Fuhrman Management Associates, Inc. is $232.67 million. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $217.52 million in discretionary accounts and $15.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $370.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $504.86 thousand.

Investments

The firm invests in investment grade corporate bonds the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 50% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fuhrman Management Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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.

What kind of clients Benham Fuhrman serves?

The firm provides services to individuals, charitable organizations, and pension and profit sharing plans. The largest group of clients of Benham Fuhrman is individuals with 214 clients and $229.56 million of assets under management. Among the 9 most similar advisory firms, Fuhrman Management Associates has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $232.67 million for 216 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.

Fuhrman Management Associates doesn't advise any private funds.

Careers at Fuhrman Management Associates, Inc.

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Benham Fuhrman has been acting as President since 1 Aug 1985. John Bernard Roeckel joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Benham Fuhrman	President	1 Aug 1985	25% - 50%	215452
Susan Lee Fuhrman	Vice president	1 Aug 1985	25% - 50%	732924
Steven Mark Fuhrman	Treasurer	1 Aug 1985	25% - 50%	1295141
Susan Lee Holin	Vice president	1 Aug 1985	25% - 50%	732924
David A. Fuhrman	Partner	1 Jul 2004	Other	4491064
Susan Lee Holin	Chief compliance officer	1 Sep 2004	50% - 75%	732924
Steven Mark Fuhrman	Chief financial officer	1 Sep 2004	25% - 50%	1295141
Benham Fuhrman	Chief executive officer	1 Sep 2004	Other	215452
John Bernard Roeckel	Vice president	1 Mar 2008	Other	2160032

Based in Fort Washington

The principal office where Fuhrman Management Associates, Inc. performs its advisory services is located at 512 S. Bethlehem Pike, Fort Washington, PA 19034, 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 215-619-4000 or by fax 215-619-3611. The normal business hours are 8:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at investab.com.