Allen & Company Of Florida, Inc. (Lakeland)

Name: Allen & Company Of Florida, Inc.
Address: 1401 South Florida Ave, Lakeland, FL, 33803
Telephone: 863-688-9000

Allen & Company Of Florida, Inc. is a large advisory firm based in Lakeland. It manages $987.86 million of regulatory assets for 2,585 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 28 other states.

Allen & Company Of Florida provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Allen & Company Of Florida: assets under management

The assets under management (AUM) of Allen & Company Of Florida, Inc. is $987.86 million. The firm's AUM has grown by 228% since the beginning of its operation, and $5.8 million of the total AUM is attributable to clients outside of the United States.

The firm manages $984.7 million in discretionary accounts and $3.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.47 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.23 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 65% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Allen & Company Of Florida, 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 Scott Edward Mchugh serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Scott Edward Mchugh is high net worth individuals with 236 clients and $443.95 million of assets under management. Among the 8 most similar advisory firms, Allen & Company Of Florida has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $987.86 million for 2,542 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.

Allen & Company Of Florida doesn't advise any private funds.

Careers at Allen & Company Of Florida, Inc.

The company employs 65 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 33 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.

Scott Edward Mchugh has been acting as President since 1 Feb 2017. Lpl Employee Services Llc joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ralph Carter Allen	Chairman, director	1 Jan 1961	Other	3462
(Jr) James Everett Allen	Director	1 Jan 1961	Other	1465600
Thomas Michael Sheridan	Director, senior vice president, secretary, srop	1 Jun 1967	25% - 50%	421641
Louise Carter Allen	Director	1 Aug 1980	Other	1465604
Joseph Gary Spooner	Vice president	1 May 1983	Other	432456
Cheryl Sue Kilgore	Assistant vice president, finanacial operations principal, controller	1 Nov 1998	Other	2940207
Laura Jane Hawley	Director, sr. vice president, corporate secretary/treasurer	1 Jun 1999	Other	1146452
Roy Johnson Jr Mccraw	Director, president, chief operating officer	1 Jul 2000	Other	2580295
Sharon Sylvia Pettit	Director, senior vice president	1 Jul 2000	Other	361949
Carol Manning Zitzelberger	Assistant vice president, compliance officer, crop	1 Jul 2000	Other	1741455
Michael Glenn Seymour	Vice president	1 Jul 2000	Other	1597042
Allen & Company Financial Corporation	Shareholder	1 May 2001	75% - 100%	59-3716218
Carol Manning Zitzelberger	Vice president, chief compliance officer, registered options and security futures principal	1 Jan 2003	Other	1741455
Michael Neill Walker	Assistant vice president , director of administration	1 Jan 2003	Other	2960002
Michael Henry Wright	Assistant vice president	1 Jan 2003	Other	3255791
Carl Paul Bucker	Vice president, corporate sales director	1 Jul 2004	Other	2344982
William Edwin Iii Rumph	Director	1 Apr 2005	Other	2541454
Michael Neill Walker	Vice president , director of administration, cfo	1 May 2005	Other	2960002
Keith Edward Albritton	Vice president	1 Apr 2006	Other	2800204
Keith Edward Albritton	President, ceo, director	1 Mar 2007	Other	2800204
Michael Henry Wright	Vice president, registered options and security futures principal	1 Jan 2008	Other	3255791
William Sassano	Vice president, operations	1 Jan 2011	Other	2314164
Keith Edward Albritton	Senior vice president, director	1 Feb 2017	Other	2800204
Scott Edward Mchugh	President/ceo	1 Feb 2017	Other	1985795
Lpl Employee Services Llc	Managing member	1 May 2019	75% - 100%	47-1580146

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ralph Carter Allen	Director, chairman, chief executive officer, president	1 May 2001	25% - 50%	3462
Thomas Michael Sheridan	Director, senior v.p., secretary/treasurer	1 May 2001	25% - 50%	421641
Roy Johnson Jr Mccraw	Director, president	1 May 2001	25% - 50%	2580295
(Jr) James Everett Allen	Director	1 May 2001	25% - 50%	xxx-xx-xxxx
James E. Jr. Rev. Trust Allen	Indirect owner	1 May 2001	25% - 50%	20-6069225
James E. Jr. Rev. Trust Ralph C. Allen Trustee Allen	Indirect owner	1 May 2001	25% - 50%	20-6069225
James E. Jr. Marital Trust Ralph C. Allen Trustee Allen	Indirect owner	1 May 2001	25% - 50%	20-6069225
Inc. Lpl Holdings	Parent company	1 May 2019	75% - 100%	04-3046611
Lpl Financial Holdings Inc.	Parent company	1 May 2019	75% - 100%	20-3717839

Based in Lakeland

The principal office where Allen & Company Of Florida, Inc. performs its advisory services is located at 1401 South Florida Ave, Lakeland, FL 33803, which is also the mailing address of the firm. An additional office of the firm is in Viera, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 863-688-9000 or by fax 863-688-7813. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at alleninvestments.com and its LinkedIn profile.