Advisory Services Network, LLC (Atlanta)

Name: Advisory Services Network, LLC
Address: 6600 Peachtree Dunwoody Rd., Atlanta, GA, 30328
Telephone: 770-352-0449

Advisory Services Network, LLC is a large advisory firm based in Atlanta. It manages $2.49 billion of regulatory assets for 9,798 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 32 other states.

Advisory Services Network provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Advisory Services Network: assets under management

The assets under management (AUM) of Advisory Services Network, LLC is $2.49 billion. The firm's AUM has grown by 13135% since the beginning of its operation, and $56.82 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.41 billion in discretionary accounts and $72.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $252.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $291.21 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 48% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Advisory Services Network, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Advisory Services Network serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Advisory Services Network is individuals with 6,086 clients and $1.59 billion of assets under management. Among the 7 most similar advisory firms, Advisory Services Network has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.49 billion for 6,817 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.

Advisory Services Network doesn't advise any private funds.

Careers at Advisory Services Network, LLC

The company employs 132 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 116 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Inc. Mainstay Capital Markets Consultants	Parent corporation	1 Jan 2003	75% - 100%	36-4529257
David Edward Paulukaitis	Managing member/chief compliance officer	1 Dec 2007	Other	729689
David Edward Paulukaitis	Managing member	1 Feb 2010	25% - 50%	729689
Thomas Cleveland Prescott	Managing member	1 Feb 2010	50% - 75%	1053372
Cynthia Wolin Halpern	Chief operating officer	1 Feb 2010	Other	6793382
Julie Ann Sullivan	Chief compliance officer	1 Jan 2013	Other	1112088
James Frank Angelos	Chief compliance officer	1 Jul 2013	Other	2477481
Laura Anne Tedball	Chief compliance officer	1 Dec 2014	Other	4815741

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Cleveland Prescott	Owner	1 Mar 2003	50% - 75%	1053372
David Edward Paulukaitis	Owner	1 Jul 2007	25% - 50%	729689

Based in Atlanta

The principal office where Advisory Services Network, LLC performs its advisory services is located at 6600 Peachtree Dunwoody Rd., Atlanta, GA 30328, which is also the mailing address of the firm. An additional office of the firm is in Pasadena, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 770-352-0449 or by fax 770.352.0038. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at advservnet.com.