Ssn Advisory, Inc. (Knoxville)

Ssn Advisory, Inc. is a large advisory firm based in Knoxville. It manages $2.89 billion of regulatory assets for 12,794 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Ssn Advisory provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ssn Advisory: assets under management

The assets under management (AUM) of Ssn Advisory, Inc. is $2.89 billion. The firm's AUM has grown by 1961% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.36 billion in discretionary accounts and $536.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $228.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $216.59 thousand.

Ssn Advisory has custody of $900.45 million in cash and securities for 3,032 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is other assets, which make up 7% of the firm’s portfolio. Investments in investment grade corporate bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ssn Advisory, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Philip Salvatore Blancato serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Philip Salvatore Blancato is individuals with 9,947 clients and $2.23 billion of assets under management. Among the 9 most similar advisory firms, Ssn Advisory has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.89 billion for 11,985 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.

Ssn Advisory doesn't advise any private funds.

Careers at Ssn Advisory, Inc.

The company employs 246 people that are either part- or full-time employees. 87 percent of the employees work as investment advisers or researchers. 220 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.

Ssn Advisory, Inc. is owned by David Lee Coffey. Philip Salvatore Blancato has been acting as President since 1 Jan 2015. Crystal Lee Godbee joined the executive team most recently as the Vice President Of Operations.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Knoxville

The principal office where Ssn Advisory, Inc. performs its advisory services is located at 9729 Cogdill Road, Knoxville, TN 37932, which is also the mailing address of the firm. An additional office of the firm is in Birmingham, AL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-264-5499. The normal business hours are 8am-5pm (m-th) 8am-4pm (f) on Monday - Friday.

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