Pension Solutions, Inc. (Cleveland)

Pension Solutions provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pension Solutions: assets under management

The assets under management (AUM) of Pension Solutions, Inc. is $967.72 million. The firm's AUM has grown by 1153% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $107.82 million in discretionary accounts and $859.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $76.96 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.82 million.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pension Solutions, 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 David Alan Krasnow serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of David Alan Krasnow is pension and profit sharing plans with 110 clients and $859.89 million of assets under management. Among the 11 most similar advisory firms, Pension Solutions has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $967.72 million for 1,511 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.

Pension Solutions doesn't advise any private funds.

Careers at Pension Solutions, Inc.

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Alan Krasnow has been acting as President since 1 Sep 1999. Beth Dworken Krasnow joined the executive team most recently as the Chief Compliance Officer/Vice President.

Direct owners and executive officers

Based in Cleveland

The principal office where Pension Solutions, Inc. performs its advisory services is located at 28601 Chagrin Blvd., Cleveland, OH 44122, which is also the mailing address of the firm. An additional office of the firm is in Guaynabo, PR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-595-0800 or by fax 216-595-0825. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at pa401k.com.

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