Corrigan Financial Inc (Middletown)

Name: Corrigan Financial Inc
Address: 747 Aquidneck Ave, Middletown, RI, 02842 7223
Telephone: 401-849-9313

Corrigan Financial Inc is a large advisory firm based in Middletown. It manages $735.95 million of regulatory assets for 1,018 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 12 other states.

Corrigan Financial 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, and tax planning and preparation. It prepares financial plans for approximately 800 clients. On top of advisory services, the firm doesn't engage in other business activities.

Corrigan Financial: assets under management

The assets under management (AUM) of Corrigan Financial Inc is $735.95 million. The firm's AUM has grown by 504% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $732.13 million in discretionary accounts and $3.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $721.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.27 million.

Corrigan Financial has custody of $283.7 million in cash and securities for 441 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 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Corrigan Financial 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 Daniel Gerard Corrigan serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Daniel Gerard Corrigan is individuals with 968 clients and $550.5 million of assets under management. Among the 6 most similar advisory firms, Corrigan Financial has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $735.95 million for 1,018 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.

Corrigan Financial doesn't advise any private funds.

Careers at Corrigan Financial Inc

The company employs 22 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 12 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.

Daniel Gerard Corrigan has been acting as President since 1 Nov 1989. Andrew John Parsons joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Gerard Corrigan	President	1 Nov 1989	50% - 75%	1987254
Andre Khalfayan	Senior financial planner	1 Feb 1997	Other	3119596
Christopher Derek Burton	Director of investment administration	1 Aug 1997	Other	2166232
Bank Of Newport	Parent co.	1 Sep 1997	75% - 100%	05-0211465
Christine Winslow	Senior financial planner	1 Jan 1998	Other	3122814
Silvia Anne Styles	Senior financial planner	1 Jul 1998	Other	4506489
Christine Winslow	Director of administrative	1 Sep 2001	Other	3122814
David Byrne Silvia	Manager of investments	1 Aug 2002	Other	2605746
Silvia Anne Styles	Principal financial planner	1 Jan 2004	Other	4506489
James Jerome Fasy	Manager of investment management	1 Aug 2004	Other	2605597
David Joseph Matarese	Financial planner	1 Aug 2004	Other	4495468
Arlene Mary Rosbottom	Senior financial planner	1 Aug 2004	Other	4506494
Arlene Mary Rosbottom	Principal financial planner	1 Jan 2005	Other	4506494
Marybeth Mckenna	Manager of investment operations	1 Feb 2006	Other	1071848
Ralph T Salvatore	Financial planner	1 Nov 2007	Other	5660097
Andre Khalfayan	Senior financial planner / director of financial planning & taxation	1 Dec 2007	Other	3119596
Christine Winslow	Senior financial planner / director of administration	1 Dec 2007	Other	3122814
Silvia Anne Styles	Senior financial planner	1 Dec 2007	Other	4506489
David Byrne Silvia	Senior investment advisor	1 Dec 2007	Other	2605746
James Jerome Fasy	Director of investment administration	1 Dec 2007	Other	2605597
Arlene Mary Rosbottom	Senior financial planner / director of human resources	1 Dec 2007	Other	4506494
David Joseph Matarese	Senior financial planner	1 Dec 2007	Other	4495468
Andre Khalfayan	Vice president/ director of financial planning & taxation	1 Dec 2008	Other	3119596
Christine Winslow	Secretary/ director of operations	1 Dec 2008	Other	3122814
Arlene Mary Rosbottom	Senior financial planner / director of human resources	1 Dec 2008	Other	4506494
David Joseph Matarese	Shareholder	1 Jan 2011	Other	4495468
Andrew John Parsons	Chief compliance officer	1 Dec 2014	Other	2335009

Based in Middletown

The principal office where Corrigan Financial Inc performs its advisory services is located at 747 Aquidneck Ave, Middletown, RI 02842 7223, 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 401-849-9313 or by fax 401-849-5508. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at corriganfinancialinc.com.