American Economic Planning Group Inc (Warren)

Name: American Economic Planning Group Inc
Address: 25 Independence Blvd., Warren, NJ, 07059
Telephone: 908-757-5600

American Economic Planning Group Inc is a large advisory firm based in Warren. It manages $912.81 million of regulatory assets for 1,704 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Louisiana, and 5 other states.

American Economic Planning Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 499 clients. On top of advisory services, the firm also engages as financial planning.

American Economic Planning Group: assets under management

The assets under management (AUM) of American Economic Planning Group Inc is $912.81 million. The firm's AUM has grown by 401% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $657.94 million in discretionary accounts and $254.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $435.43 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.32 million.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay American Economic Planning Group Inc 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 Steven Wayne Kaye serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Steven Wayne Kaye is high net worth individuals with 194 clients and $503 million of assets under management. Among the 8 most similar advisory firms, American Economic Planning Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $912.81 million for 560 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.

American Economic Planning Group doesn't advise any private funds.

Careers at American Economic Planning Group Inc

The company employs 15 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 12 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Steven Wayne Kaye has been acting as President since 1 Mar 1983. Christopher John Schiffer joined the executive team most recently as the Evp Strategy & Operations / Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Wayne Kaye	President	1 Mar 1983	75% - 100%	1205757
Markian Taras Ukrainskyj	Vp, senior portfolio manager	1 Sep 1999	Other	4556276
Craig R. Marson	Chief compliance officer	1 Sep 2004	Other	4354868
Michael Alan Seidel	Vice president financial and estate planning	1 Jan 2006	Other	4980252
Christopher John Schiffer	Evp strategy & operations / chief compliance officer	1 Feb 2013	Other	2875225

Based in Warren

The principal office where American Economic Planning Group Inc performs its advisory services is located at 25 Independence Blvd., Warren, NJ 07059, 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 908-757-5600 or by fax 908-757-0511. The normal business hours are 9am - 5 pm on Monday - Friday. You can find more information about the New York firm at aepg.com.