Howe And Rusling, Inc. (Rochester)


Howe And Rusling, Inc. is a large advisory firm based in Rochester. It manages $1.18 billion of regulatory assets for 1,729 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Howe And Rusling provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Howe And Rusling: assets under management

The assets under management (AUM) of Howe And Rusling, Inc. is $1.18 billion. The firm's AUM has grown by 68% since the beginning of its operation, and $6.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.18 billion in discretionary accounts and $2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $686.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $125.08 thousand.
Howe And Rusling has custody of $55.44 million in cash and securities for 66 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 23% of the firm’s portfolio. Investments in government bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Howe And Rusling, Inc. for their services and products based on a percentage of assets under management 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 Roger Emile Bendelac serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Roger Emile Bendelac is high net worth individuals with 246 clients and $604.63 million of assets under management. Among the 10 most similar advisory firms, Howe And Rusling has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.18 billion for 831 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Howe And Rusling doesn't advise any private funds.

Careers at Howe And Rusling, Inc.

The company employs 19 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 6 people 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.

Roger Emile Bendelac has been acting as President since 1 Mar 1999. John Joseph Trentacoste joined the executive team most recently as the Director Of Fixed Income.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Thomas Griswold Rusling Director, president, cfo 1 Jun 1966 Other 2201526
Robert Byron Wolf Director, senior vice president 1 Feb 1982 Other 2201974
H&R Acquisition Corporation Shareholder 1 Sep 1992 75% - 100% 13-3681031
John K Bleyaert Cio and senior vice president 1 Jun 1997 Other 2211896
Roger Emile Bendelac Director 1 Mar 1999 Other 715445
Michelle L Facteau Compliance officer 1 Jan 2000 Other 2741641
Michelle L Pedzich Compliance officer 1 Jan 2000 Other 2741641
Craig Douglas Cairns Senior vice president 1 May 2000 Other 2637602
John Patrick Oshea Director 1 Sep 2000 Other 1067536
Philip Rogerhoward Connor Director 1 Sep 2000 Other 1579819
Barbara Macinnes Rose Corporate secretary 1 Sep 2000 Other 1074722
Barbara J Macinnes Corporate secretary 1 Sep 2000 Other 1074722
Randal J. Kirk Director 1 Dec 2001 75% - 100% 4496987
Dixon D. Low Director 1 Dec 2001 Other 4497027
Marcus Elbert Smith Director 1 Dec 2001 Other 2335618
Larry Dean Horner Director 1 Dec 2001 Other 2492321
Doit L. Koppler Ii Treasurer 1 Dec 2001 Other 4520208
Randal Joe Kirk Director 1 Dec 2001 Other 4496987
Samuel Rose King Vice president 1 Jan 2002 Other 2201237
Robert Joseph Prorok Vice president 1 Jan 2002 Other 1824505
Craig Douglas Cairns President, chairman and chief compliance officer 1 Mar 2003 50% - 75% 2637602
Thomas Griswold Rusling Co-chair of the board of directors 1 Mar 2003 Other 2201526
Casey D. Ryan Vice president 1 Aug 2004 Other 2298663
Vincent A Russo Vice president 1 Aug 2004 Other 3005930
Robert M. Patzig Co-chair of the bod 1 Aug 2005 Other 5036841
Mary Lisa Sisson Vice president 1 Oct 2006 Other 5260453
Brett Lloyd Winnefeld Vice president 1 Oct 2006 Other 5260455
Martin J Cournan Shareholder 1 Oct 2006 Other 5663851
Kurt Gelke Shareholder 1 Oct 2006 Other 5663852
Thomas Griswold Rusling Vp - senior investment officer 1 Oct 2006 Other 2201526
Stephen M Schiller Vice president 1 Nov 2007 Other 5433747
Kathleen E. Schwingel Vice president 1 Jan 2010 Other 4347148
Stefan Kip Astheimer Vice president 1 Dec 2012 Other 6173843
Stephen Joseph Carl Vice president 1 Feb 2016 Other 4161139
Steven Michael Macnamara Director of equities 1 Dec 2017 Other 1569776
John Joseph Trentacoste Director of fixed income 1 Jul 2018 Other 1454447

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Laidlaw Global Corporation Shareholder 1 Sep 1996 75% - 100% 13-4093923
Randal J. Kirk Shareholder 1 Nov 1998 75% - 100% 4496987
Third Security Management Corp. Shareholder 1 Dec 2001 75% - 100% 01-0556672
Third Security Llc Shareholder 1 Dec 2001 75% - 100% 54-1923091
H & R Of Rochester Corp. Owner 1 Oct 2006 75% - 100% 20-4494640
Robert B Cairns Shareholder 1 Oct 2006 Other 5663826

Based in Rochester

The principal office where Howe And Rusling, Inc. performs its advisory services is located at 120 East Ave, Rochester, NY 14604, which is also the mailing address of the firm. An additional office of the firm is in Fayetteville, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-325-4140 or by fax 585-325-7361. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at howeandrusling.com.