Roof Advisory Group, Inc. (Harrisburg)


Roof Advisory Group, Inc. is a large advisory firm based in Harrisburg. It manages $476.25 million of regulatory assets for 239 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, New Hampshire, and Pennsylvania.

Roof Advisory Group provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Roof Advisory Group: assets under management

The assets under management (AUM) of Roof Advisory Group, Inc. is $476.25 million. The firm's AUM has grown by 1090% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $444.11 million in discretionary accounts and $32.14 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.87 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $16.07 million.
Roof Advisory Group has custody of $84.02 million in cash and securities for 94 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 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in investment grade corporate bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Roof Advisory Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Jeffrey Erdman Roof 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 Jeffrey Erdman Roof is high net worth individuals with 158 clients and $398.77 million of assets under management. Among the 9 most similar advisory firms, Roof Advisory Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $476.25 million for 239 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.

Roof Advisory Group doesn't advise any private funds.

Careers at Roof Advisory Group, Inc.

The company employs 9 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 7 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.

Jeffrey Erdman Roof has been acting as President since 1 Jan 1998. Ralph E Manna joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jeffrey Erdman Roof President 1 Jan 1998 75% - 100% 1065753
Kevin Scott Roof Chief compliance officer 1 Apr 2004 Other 4763274
Kevin Scott Roof Compliance officer 1 Oct 2004 Other 4763274
Ralph E Manna Chief compliance officer 1 Feb 2018 Other 4187912

Based in Harrisburg

The principal office where Roof Advisory Group, Inc. performs its advisory services is located at 507 N. Front Street, Harrisburg, PA 17101 1011, 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 717-260-9281 or by fax 717-260-9282. The normal business hours are 8:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at roofadvisory.com.