Corbenic Partners, LLC (Bethlehem)

Name: Corbenic Partners, LLC
Address: 1525 Valley Center Parkway, Bethlehem, PA, 18017
Telephone: 610-814-2474

Corbenic Partners, LLC is a large advisory firm based in Bethlehem. It manages $379.02 million of regulatory assets for 854 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Florida, Maryland, and 8 other states.

Corbenic Partners 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 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Corbenic Partners: assets under management

The assets under management (AUM) of Corbenic Partners, LLC is $379.02 million. The firm's AUM has gone down by -22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $374.48 million in discretionary accounts and $4.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $448.48 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $238.96 thousand.

Corbenic Partners has custody of $43.88 million in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 31% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Corbenic Partners, LLC 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 Corbenic Partners serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Corbenic Partners is high net worth individuals with 94 clients and $313.53 million of assets under management. Among the 11 most similar advisory firms, Corbenic Partners has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $372.67 million for 223 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.

Corbenic Partners doesn't advise any private funds.

Careers at Corbenic Partners, LLC

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Anthony Michael Bragano	Member	1 Jul 2011	Other	4545490
Anthony Robert Deutsch	Member	1 Jul 2011	Other	2979006
Brad Lee James Griswold	Managing member / chief compliance officer	1 Jul 2011	75% - 100%	2144498
Robert Edward Vitale	Member	1 Jul 2011	Other	3258010

Based in Bethlehem

The principal office where Corbenic Partners, LLC performs its advisory services is located at 1525 Valley Center Parkway, Bethlehem, PA 18017, 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 610-814-2474 or by fax 610-814-2430. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at corbenicpartners.com.