Harlan G Storey, Inc (North Canton)

Name: Harlan G Storey, Inc
Address: 1360 South Main Street, North Canton, OH, 44720
Telephone: 330-526-8944

Harlan G Storey, Inc is a large advisory firm based in North Canton. It manages $246.65 million of regulatory assets for 723 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Florida, Ohio, and Texas.

Harlan G Storey 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.

Harlan G Storey: assets under management

The assets under management (AUM) of Harlan G Storey, Inc is $246.65 million. The firm's AUM has grown by 94% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $244.42 million in discretionary accounts and $2.24 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $340.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $447.17 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 49% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harlan G Storey, Inc for their services and products based on a percentage of assets under management 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 Harlan G Storey serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Harlan G Storey is high net worth individuals with 69 clients and $192.43 million of assets under management. Among the 13 most similar advisory firms, Harlan G Storey has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $246.65 million for 194 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.

Harlan G Storey doesn't advise any private funds.

Careers at Harlan G Storey, Inc

The company employs 9 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Harlan Gene Storey	Chief compliance officer	1 Jun 2009	75% - 100%	1158093
Kevin J Krakora	Chief financial officer	1 Feb 2018	25% - 50%	6618899

Based in North Canton

The principal office where Harlan G Storey, Inc performs its advisory services is located at 1360 South Main Street, North Canton, OH 44720, 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 330-526-8944 or by fax 330-526-8948. The normal business hours are 8:00 a.m. to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at storeycapital.com.