Schneider Downs Wealth Management Advisors, LP (Pittsburgh)

Name: Schneider Downs Wealth Management Advisors, LP
Address: One Ppg Place, Suite 1700, Pittsburgh, PA, 15222
Telephone: 412-697-5200

Schneider Downs Wealth Management Advisors, LP is a large advisory firm based in Pittsburgh. It manages $1.43 billion of regulatory assets for 1,211 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Florida, Maryland, and 7 other states.

Schneider Downs Wealth Management Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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.

Schneider Downs Wealth Management Advisors: assets under management

The assets under management (AUM) of Schneider Downs Wealth Management Advisors, LP is $1.43 billion. The firm's AUM has grown by 2078% since the beginning of its operation, and $925 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $889.14 million in discretionary accounts and $535.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $803.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.1 million.

Schneider Downs Wealth Management Advisors has custody of $311 million in cash and securities for 119 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 74% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Schneider Downs Wealth Management Advisors, LP for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Schneider Downs Wealth Management Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Schneider Downs Wealth Management Advisors is pension and profit sharing plans with 82 clients and $521.33 million of assets under management. Among the 10 most similar advisory firms, Schneider Downs Wealth Management Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.36 billion for 548 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.

Schneider Downs Wealth Management Advisors doesn't advise any private funds.

Careers at Schneider Downs Wealth Management Advisors, LP

The company employs 19 people that are either part- or full-time employees. 74 percent of the employees work as investment advisers or researchers. 14 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 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.

Christopher J. Pascuzzi joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Don Alan Linzer	Shareholder	1 Oct 2003	Other	4420125
Ruth Fischer Sanko	Chief financial officer	1 Dec 2003	Other	5005301
Lp Schneider Downs Financial Advisors	General partner	1 Jun 2004	75% - 100%	25-1862964
Llc Schneider Downs Advisors Ii	General partner	1 Jun 2004	Other	20-1350134
Don Alan Linzer	Chief executive officer	1 Jul 2004	Other	4420125
Theresa Marie Sekely	Chief compliance officer	1 Aug 2006	Other	2795380
Nancy Lynn Skeans	Chief executive officer	1 Jul 2017	Other	4614121
Derek Joseph Eichelberger	Director / partner	1 Jul 2018	Other	4644258
Christopher J. Pascuzzi	Chief financial officer	1 Feb 2019	Other	7086607

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Schneider Downs Advisors	General partner	1 Jun 2004	Other	20-1350090

Based in Pittsburgh

The principal office where Schneider Downs Wealth Management Advisors, LP performs its advisory services is located at One Ppg Place, Suite 1700, Pittsburgh, PA 15222 The mailing address of the firm is 65 East State Street, Columbus, OH 43215. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 412-697-5200 or by fax 412-261-4876. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at schneiderdowns.com.