Egi Financial, Inc. (Akron)

Name: Egi Financial, Inc.
Address: 50 South Main Street, Akron, OH, 44308 1831
Telephone: 330-535-0881

Egi Financial, Inc. is a large advisory firm based in Akron. It manages $148.7 million of regulatory assets for 273 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Massachusetts and Ohio.

Egi Financial provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Egi Financial: assets under management

The assets under management (AUM) of Egi Financial, Inc. is $148.7 million. The firm's AUM has grown by 380% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $124.19 million in discretionary accounts and $24.51 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $470.4 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.72 million.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is investment and business development companies, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Egi Financial, Inc. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Edgar Grey Ingraham serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Edgar Grey Ingraham is high net worth individuals with 43 clients and $82.94 million of assets under management. Among the 8 most similar advisory firms, Egi Financial has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $148.7 million for 273 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.

Egi Financial doesn't advise any private funds.

Careers at Egi Financial, Inc.

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 7 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.

Edgar Grey Ingraham has been acting as President since 1 Apr 1992. Jeffrey Craig Thomas joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edgar Grey Ingraham	President	1 Apr 1992	75% - 100%	1092775
Jeffrey Craig Thomas	Chief compliance officer	1 Jun 2016	75% - 100%	2095554

Based in Akron

The principal office where Egi Financial, Inc. performs its advisory services is located at 50 South Main Street, Akron, OH 44308 1831, 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 330-535-0881 or by fax 330-535-0884. 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 egifinancial.com.