Aufman Associates Inc (Sewickley)

Name: Aufman Associates Inc
Address: 2200 Georgetown Drive, Sewickley, PA, 15143
Telephone: 724-934-5600

Aufman Associates Inc is a large advisory firm based in Sewickley. It manages $646.95 million of regulatory assets for 204 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, New Hampshire, and 8 other states.

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

Aufman Associates: assets under management

The assets under management (AUM) of Aufman Associates Inc is $646.95 million. The firm's AUM has grown by 74% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $614.66 million in discretionary accounts and $32.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $32.29 million.

Aufman Associates has custody of $9.31 thousand in cash and securities for 8 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 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Aufman Associates 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 Edward J Aufman serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Edward J Aufman is high net worth individuals with 127 clients and $575.7 million of assets under management. Among the 9 most similar advisory firms, Aufman Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $623.8 million for 204 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.

Aufman Associates doesn't advise any private funds.

Careers at Aufman Associates Inc

The company employs 6 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 3 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.

Edward J Aufman has been acting as President since 1 Jan 2014. William J Gaffey joined the executive team most recently as the Vice President/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edward J Aufman	Chief executive officer	1 Jun 1999	75% - 100%	4331682
William J Gaffey	Chief compliance officer	1 Jun 2004	Other	4610801
Edward B Aufman	Chief operations officer	1 Dec 2006	Other	4703405
Edward J Aufman	Chairman	1 Jan 2014	50% - 75%	4331682
William J Gaffey	Vice president/chief compliance officer	1 Jan 2014	Other	4610801
Edward B Aufman	President	1 Jan 2014	25% - 50%	4703405

Based in Sewickley

The principal office where Aufman Associates Inc performs its advisory services is located at 2200 Georgetown Drive, Sewickley, PA 15143, 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 724-934-5600 or by fax 724-934-5622. The normal business hours are 8:30 am to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at aufmanassociates.com.