The Fairman Group, LLC (Chesterbrook)

Name: The Fairman Group, LLC
Address: 1200 Liberty Ridge Drive, Chesterbrook, PA, 19087
Telephone: 610-889-7300

The Fairman Group, LLC is a large advisory firm based in Chesterbrook. It manages $471.45 million of regulatory assets for 821 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Pennsylvania.

The Fairman Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Fairman Group: assets under management

The assets under management (AUM) of The Fairman Group, LLC is $471.45 million. The firm's AUM has grown by 0% since the beginning of its operation, and $929.81 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $241.65 million in discretionary accounts and $229.8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $554.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $596.89 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in state and local bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Fairman Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 The Fairman Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Fairman Group is high net worth individuals with 82 clients and $462.78 million of assets under management. Among the 14 most similar advisory firms, The Fairman Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $471.45 million for 114 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.

The Fairman Group doesn't advise any private funds.

Careers at The Fairman Group, LLC

The company employs 30 people that are either part- or full-time employees. 33 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Douglas Eugene Morisoli	Partner/chief compliance officer	1 Jun 2002	Other	1341003
Roy Milton Fairman	Managing partner	1 Jun 2002	50% - 75%	4559776
Shawn Paul Kindt	Partner	1 Jun 2002	Other	4559777
Marianne Coccia	Partner	1 Jun 2002	Other	2573405
Roy M. Fairman	Principal	1 Jun 2002	50% - 75%	4559776

Based in Chesterbrook

The principal office where The Fairman Group, LLC performs its advisory services is located at 1200 Liberty Ridge Drive, Chesterbrook, PA 19087, 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 610-889-7300 or by fax 610-889-7326. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at fairmangroup.com.