R. Applegate & Associates LLC is a large advisory firm based in Pittsburgh. It manages $220.19 million of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Pennsylvania and Texas.
R. Applegate & Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of R. Applegate & Associates LLC is $220.19 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay R. Applegate & Associates LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, 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 charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Richard Read Applegate is high net worth individuals with 77 clients and $181.7 million of assets under management. Among the 7 most similar advisory firms, R. Applegate & Associates has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $220.19 million for 81 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.
R. Applegate & Associates doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 100 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.
Richard Read Applegate has been acting as President since 1 Nov 2017. Victor Michael Dibattista joined the executive team most recently as the Chief Compliance Officer.
The principal office where R. Applegate & Associates LLC performs its advisory services is located at 436 Seventh Avenue, Pittsburgh, PA 15219, 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 412-227-2800 or by fax 412-227-2805. The normal business hours are 8:00-6:00 on Monday - Friday.