Centennial Securities Company Inc (Grand Rapids)

Name: Centennial Securities Company Inc
Address: 3075 Charlevoix Dr Se, Grand Rapids, MI, 49546
Telephone: 616-942-7680

Centennial Securities Company Inc is a large advisory firm based in Grand Rapids. It manages $525.02 million of regulatory assets for 2,350 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, Florida, Georgia, and 7 other states.

Centennial Securities Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Centennial Securities Company: assets under management

The assets under management (AUM) of Centennial Securities Company Inc is $525.02 million. The firm's AUM has grown by 234% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $204.02 million in discretionary accounts and $321.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $223.7 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $223.23 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 43% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in pooled investment vehicles form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Centennial Securities Company Inc 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 Centennial Securities Company 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 Centennial Securities Company is individuals with 1,539 clients and $270.14 million of assets under management. Among the 9 most similar advisory firms, Centennial Securities Company has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $525.02 million for 1,877 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.

Centennial Securities Company doesn't advise any private funds.

Careers at Centennial Securities Company Inc

The company employs 40 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 35 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Randall Lee Hansen	President / ceo / cfo / cco / coo / finop	1 Mar 1999	Other	1104122
Donald Edward Beesley	Member	1 Apr 1999	Other	1541425
Craig Alan Tuinstra	Member	1 Apr 1999	Other	2388982
Daniel Lee Vandermolen	Member	1 Apr 1999	Other	1384729
James Dale Klunder	Member	1 Apr 1999	Other	1974282
Earl Donald Jr Wierenga	Senior vice president / compliance committee	1 Oct 2006	Other	2299425
Ryan Andrew Diepstra	Member	1 Jul 2008	Other	4684402
Kevin William Kelly	Member	1 Jul 2010	Other	2995050
Mario Giulio Bernardi	Member	1 Jan 2013	Other	1542163
Michael Robert Ochoa	Member	1 Feb 2013	Other	1301012
Jeffrey D Wierenga	Member	1 Apr 2013	Other	4748730
Katie Marie Merrihew	Member	1 Apr 2013	Other	5408303
Jeffrey Donald Wierenga	Member	1 Apr 2013	Other	4748730
Jordan Thomas Powers	Chief compliance officer / cco	1 Feb 2018	Other	6711719

Based in Grand Rapids

The principal office where Centennial Securities Company Inc performs its advisory services is located at 3075 Charlevoix Dr Se, Grand Rapids, MI 49546, which is also the mailing address of the firm. An additional office of the firm is in St Joseph, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 616-942-7680 or by fax 616-942-6389. The normal business hours are 8:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at centennialsec.com.