Huntington Steele LLC (Oaks)

Name: Huntington Steele LLC
Address: One Freedom Valley Drive, Oaks, PA, 19456
Telephone: 610-676-1000

Huntington Steele LLC is a large advisory firm based in Oaks. It manages $765.27 million of regulatory assets for 188 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Pennsylvania, and Washington.

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

Huntington Steele: assets under management

The assets under management (AUM) of Huntington Steele LLC is $765.27 million. The firm's AUM has grown by 533% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $647.12 million in discretionary accounts and $118.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.9 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.37 million.

Investments

The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is state and local bonds, which make up 25% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Huntington Steele LLC for their services and products based on a percentage of assets under management 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 Huntington Steele serves?

The firm provides services to charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Huntington Steele is high net worth individuals with 150 clients and $617.17 million of assets under management. Among the 12 most similar advisory firms, Huntington Steele has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $765.27 million for 166 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.

Huntington Steele doesn't advise any private funds.

Careers at Huntington Steele LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jennifer Jean Steele	Member	1 Feb 2003	50% - 75%	4467785
Patricia Anne Huntington	Member	1 Feb 2003	50% - 75%	1610689
Jennifer Jean Steele	Manager	1 May 2003	Other	4467785
Patricia Anne Huntington	Managing director	1 May 2003	50% - 75%	1610689
Jessica Asenath Netherland	Chief compliance officer	1 Oct 2004	Other	2983445
Scott Matthew Healey	Chief compliance officer	1 Nov 2005	Other	3063991
Dennis James Mcgonigle	Manager	1 Apr 2018	Other	23-1707341
Laura Kay Smolenski	Chief compliance officer	1 Apr 2018	Other	4160782
John Charles Munch	Manager	1 Apr 2018	Other	4739576
Timothy Dean Barto	Manager	1 Apr 2018	Other	4743037
Michael Sean Farrell	Manager	1 Apr 2018	Other	1073150
Kathy Ann Heilig	Manager	1 Apr 2018	Other	6042917
Stephanie Laura Cavanagh	Interim cco	1 Feb 2019	Other	3252721
Jennifer Hickman Campisi	Chief compliance officer	1 Aug 2019	Other	5299753

Based in Oaks

The principal office where Huntington Steele LLC performs its advisory services is located at One Freedom Valley Drive, Oaks, PA 19456, which is also the mailing address of the firm. An additional office of the firm is in Seattle, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-676-1000 or by fax (484) 676-3479. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at huntingtonsteele.com.