Comprehensive Financial Consultants Institutional, Inc. (Bloomington)

Name: Comprehensive Financial Consultants Institutional, Inc.
Address: 674 S. College Avenue, Bloomington, IN, 47403
Telephone: 812-334-3190

Comprehensive Financial Consultants Institutional, Inc. is a large advisory firm based in Bloomington. It manages $184.85 million of regulatory assets for 1,234 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, Colorado, Florida, and 3 other states.

Comprehensive Financial Consultants Institutional provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Comprehensive Financial Consultants Institutional: assets under management

The assets under management (AUM) of Comprehensive Financial Consultants Institutional, Inc. is $184.85 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 413% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $184.85 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $149.8 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 41% of the firm’s portfolio. Investments in investment and business development companies form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Comprehensive Financial Consultants Institutional, 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 David Keith Hays serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David Keith Hays is individuals with 519 clients and $115.66 million of assets under management. Among the 8 most similar advisory firms, Comprehensive Financial Consultants Institutional has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $151.77 million for 544 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.

Comprehensive Financial Consultants Institutional doesn't advise any private funds.

Careers at Comprehensive Financial Consultants Institutional, Inc.

The company employs 14 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 6 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.

David Keith Hays has been acting as President since 1 Aug 2003. Rodney Lee Holloway joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Keith Hays	President	1 Aug 2003	50% - 75%	2434893
Eric Quinten Giesler	Secretary and chief compliance officer	1 Aug 2003	25% - 50%	2786614
Daniel Lee Hays	Treasurer	1 Aug 2003	Other	4332513
Rodney Lee Holloway	Shareholder	1 May 2009	Other	2725803

Based in Bloomington

The principal office where Comprehensive Financial Consultants Institutional, Inc. performs its advisory services is located at 674 S. College Avenue, Bloomington, IN 47403, which is also the mailing address of the firm. An additional office of the firm is in Pinetop, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 812-334-3190 or by fax 812-336-6187. The normal business hours are 8:00am to 5pm on Monday - Friday. You can find more information about the New York firm at cfci.us.