Ramsay Stattman Vela & Price Inc (Colorado Springs)


Ramsay Stattman Vela & Price Inc is a large advisory firm based in Colorado Springs. It manages $406.65 million of regulatory assets for 316 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Colorado, Florida, New Jersey, and 3 other states.

Ramsay Stattman Vela & Price provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and investment consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ramsay Stattman Vela & Price: assets under management

The assets under management (AUM) of Ramsay Stattman Vela & Price Inc is $406.65 million. The firm's AUM has grown by 97% since the beginning of its operation, and $5.4 million of the total AUM is attributable to clients outside of the United States.

The firm manages $401.82 million in discretionary accounts and $4.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.28 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.61 million.
Ramsay Stattman Vela & Price has custody of $71.66 million in cash and securities for 29 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 68% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in state and local bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ramsay Stattman Vela & Price Inc for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ramsay Stattman Vela & Price serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Ramsay Stattman Vela & Price is high net worth individuals with 177 clients and $288.6 million of assets under management. Among the 11 most similar advisory firms, Ramsay Stattman Vela & Price has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $406.65 million for 316 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Ramsay Stattman Vela & Price doesn't advise any private funds.

Careers at Ramsay Stattman Vela & Price Inc

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Steven Rene Vela President, chief compliance officer 1 Feb 2000 25% - 50% 4335501
Frederick Betts Stattman Vice president, treasurer 1 Feb 2000 25% - 50% 1318053
Philip Stephen Price Vice president/secretary 1 Feb 2000 25% - 50% 1182135
John Walter Herdje Managing director 1 Sep 2009 Other 3210335
Frederick Betts Stattman Vice president, treasurer, chief compliance officer 1 Mar 2016 25% - 50% 1318053

Based in Colorado Springs

The principal office where Ramsay Stattman Vela & Price Inc performs its advisory services is located at 2 N. Cascade Ave., Ste 810, Colorado Springs, CO 80903, which is also the mailing address of the firm. An additional office of the firm is in Princeton, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 719-473-6925 or by fax 719-473-8379. The normal business hours are 8:00am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at rsvp-invest.com.

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