Mbs Financial Planning Services, Inc (Uniontown)

Name: Mbs Financial Planning Services, Inc
Address: 1640 Corporate Woods Circle, Uniontown, OH, 44685 7819
Telephone: 330-896-6250

Mbs Financial Planning Services, Inc is a large advisory firm based in Uniontown. It manages $520.03 million of regulatory assets for 1,777 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, North Carolina, and 4 other states.

Mbs Financial Planning Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, publication of newsletters, educational seminars and workshops, and cefex assessments. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mbs Financial Planning Services: assets under management

The assets under management (AUM) of Mbs Financial Planning Services, Inc is $520.03 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 436% since the beginning of its operation, and $87.69 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $520.03 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $292.65 thousand each.

Mbs Financial Planning Services has custody of $436.96 million in cash and securities for 425 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 30% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 16% of the firm’s portfolio. Investments in non-exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mbs Financial Planning Services, Inc for their services and products based on a percentage of assets under management, hourly charges, 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 Mark William Fearigo serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mark William Fearigo is high net worth individuals with 144 clients and $346.15 million of assets under management. Among the 10 most similar advisory firms, Mbs Financial Planning Services has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $520.03 million for 593 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.

Mbs Financial Planning Services doesn't advise any private funds.

Careers at Mbs Financial Planning Services, Inc

The company employs 18 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 10 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.

Mark William Fearigo has been acting as President since 1 Sep 1992. Nathan John Bopp joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Harlan Gene Storey	President	1 Aug 1984	50% - 75%	1158093
Mark William Fearigo	President	1 Sep 1992	50% - 75%	4347796
Mario Christopher Giganti	Vice president & secretary	1 Jan 2008	25% - 50%	3133334
Jennifer Lynn Falb	Chief compliance officer	1 Mar 2011	Other	5916489
Brenda L Winslow	Chief compliance officer	1 Mar 2015	Other	2842055
Nathan John Bopp	Senior advisor	1 Dec 2016	Other	3250005
Glen Brenneman Hahlen	Senior advisor	1 Sep 2017	Other	5919537
Nathan John Bopp	Vice president	1 Dec 2018	Other	3250005
Glen Brenneman Hahlen	Vice president	1 Dec 2018	Other	5919537

Based in Uniontown

The principal office where Mbs Financial Planning Services, Inc performs its advisory services is located at 1640 Corporate Woods Circle, Uniontown, OH 44685 7819, 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 330-896-6250 or by fax 330-896-6295. The normal business hours are 7:30 am to 4:30pm on Monday - Friday. You can find more information about the New York firm at ccadvisors.com.