Fis Group, Inc. (Philadelphia)

Name: Fis Group, Inc.
Address: 1845 Walnut Street, Philadelphia, PA, 19103
Telephone: 215-567-1100

Fis Group, Inc. is a large advisory firm based in Philadelphia. It manages $5.23 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Illinois, New York, and Pennsylvania.

Fis Group provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fis Group: assets under management

The assets under management (AUM) of Fis Group, Inc. is $5.23 billion. The firm's AUM has grown by 648% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.7 billion in discretionary accounts and $530.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $224 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $265.23 million.

Fis Group has custody of $594.89 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fis Group, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tina Byles Williams serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Tina Byles Williams is state or municipal government entities with 13 clients and $3.57 billion of assets under management. Among the 9 most similar advisory firms, Fis Group has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $4.7 billion for 16 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.

Fis Group also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Fis Group, Inc.

The company employs 24 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No 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.

Tina Byles Williams has been acting as President since 1 Feb 1996. Isaac Hughes Green joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tina Byles Williams	Ceo & cio/director	1 Feb 1996	Other	2708300
Edward Mccallan Swan	President	1 Jan 2002	Other	856632
Lucious Diallo Johnson	Senior vice president	1 Aug 2002	Other	2546102
Orim Graves	Senior vice president	1 Dec 2002	Other	1633730
Shelley Simms	Senior vice president, chief compliance officer & general counsel	1 Aug 2004	Other	4852565
Shelley Simms Reed	Cco & coo	1 Aug 2004	Other	4852565
Roger Frederick Kenyon	Senior vice president	1 Apr 2007	Other	5397815
Kurt Nicholas Kinney	Senior vice president	1 Jul 2007	Other	1212448
Xiaofan Yang	Senior vice president	1 Jan 2008	Other	5508685
Fred Glover Choate	Director	1 Apr 2008	Other	5653309
Tina Byles Williams Revocable Trust	Shareholder	1 Dec 2009	50% - 75%	27-6475233
Mccullough Alphonso Williams	President & coo/director	1 Feb 2010	Other	2692206
Larry Richard Bernstein	Senior vice president	1 Jul 2010	Other	4569280
Cesar Jimenez Gonzales	Senior vice president	1 Sep 2011	Other	2423217
Fis Group Employee Stock Ownership Plan Trust	Shareholder	1 Dec 2012	25% - 50%	46-3467213
Fis Group Employee Stock Ownership Plan	Shareholder	1 Dec 2012	25% - 50%	20-2103144
Donna Anita James	Director	1 Apr 2014	Other	1462109
Thomas John Quinn	Senior vice president & deputy cio	1 Mar 2017	Other	4801693
Eugenie Guthrie Logue	Chief financial officer	1 Sep 2018	Other	2234617
Isaac Hughes Green	Director	1 Oct 2018	Other	2304615

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Tina Byles Williams	Trustee	1 Dec 2009	Other	2708300
James Urbach	Trustee	1 Dec 2012	Other	6470497
Fis Group Employee Stock Ownership Trust & Trustee	Shareholder	1 Dec 2012	75% - 100%	20-2103144

Based in Philadelphia

The principal office where Fis Group, Inc. performs its advisory services is located at 1845 Walnut Street, Philadelphia, PA 19103, 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 215-567-1100 or by fax 215-567-1810. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at fisgroup.com.