Howe And Rusling, Inc. (Rochester)

Name: Howe And Rusling, Inc.
Address: 120 East Ave, Rochester, NY, 14604
Telephone: 585-325-4140

Howe And Rusling, Inc. is a large advisory firm based in Rochester. It manages $1.18 billion of regulatory assets for 1,729 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Howe And Rusling provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Howe And Rusling: assets under management

The assets under management (AUM) of Howe And Rusling, Inc. is $1.18 billion. The firm's AUM has grown by 68% since the beginning of its operation, and $6.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.18 billion in discretionary accounts and $2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $686.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $125.08 thousand.

Howe And Rusling has custody of $55.44 million in cash and securities for 66 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 23% of the firm’s portfolio. Investments in government bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Howe And Rusling, Inc. for their services and products based on a percentage of assets under management 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 Roger Emile Bendelac serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Roger Emile Bendelac is high net worth individuals with 246 clients and $604.63 million of assets under management. Among the 10 most similar advisory firms, Howe And Rusling has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.18 billion for 831 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.

Howe And Rusling doesn't advise any private funds.

Careers at Howe And Rusling, Inc.

The company employs 19 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 6 people 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.

Roger Emile Bendelac has been acting as President since 1 Mar 1999. John Joseph Trentacoste joined the executive team most recently as the Director Of Fixed Income.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Griswold Rusling	Director, president, cfo	1 Jun 1966	Other	2201526
Robert Byron Wolf	Director, senior vice president	1 Feb 1982	Other	2201974
H&R Acquisition Corporation	Shareholder	1 Sep 1992	75% - 100%	13-3681031
John K Bleyaert	Cio and senior vice president	1 Jun 1997	Other	2211896
Roger Emile Bendelac	Director	1 Mar 1999	Other	715445
Michelle L Facteau	Compliance officer	1 Jan 2000	Other	2741641
Michelle L Pedzich	Compliance officer	1 Jan 2000	Other	2741641
Craig Douglas Cairns	Senior vice president	1 May 2000	Other	2637602
John Patrick Oshea	Director	1 Sep 2000	Other	1067536
Philip Rogerhoward Connor	Director	1 Sep 2000	Other	1579819
Barbara Macinnes Rose	Corporate secretary	1 Sep 2000	Other	1074722
Barbara J Macinnes	Corporate secretary	1 Sep 2000	Other	1074722
Randal J. Kirk	Director	1 Dec 2001	75% - 100%	4496987
Dixon D. Low	Director	1 Dec 2001	Other	4497027
Marcus Elbert Smith	Director	1 Dec 2001	Other	2335618
Larry Dean Horner	Director	1 Dec 2001	Other	2492321
Doit L. Koppler Ii	Treasurer	1 Dec 2001	Other	4520208
Randal Joe Kirk	Director	1 Dec 2001	Other	4496987
Samuel Rose King	Vice president	1 Jan 2002	Other	2201237
Robert Joseph Prorok	Vice president	1 Jan 2002	Other	1824505
Craig Douglas Cairns	President, chairman and chief compliance officer	1 Mar 2003	50% - 75%	2637602
Thomas Griswold Rusling	Co-chair of the board of directors	1 Mar 2003	Other	2201526
Casey D. Ryan	Vice president	1 Aug 2004	Other	2298663
Vincent A Russo	Vice president	1 Aug 2004	Other	3005930
Robert M. Patzig	Co-chair of the bod	1 Aug 2005	Other	5036841
Mary Lisa Sisson	Vice president	1 Oct 2006	Other	5260453
Brett Lloyd Winnefeld	Vice president	1 Oct 2006	Other	5260455
Martin J Cournan	Shareholder	1 Oct 2006	Other	5663851
Kurt Gelke	Shareholder	1 Oct 2006	Other	5663852
Thomas Griswold Rusling	Vp - senior investment officer	1 Oct 2006	Other	2201526
Stephen M Schiller	Vice president	1 Nov 2007	Other	5433747
Kathleen E. Schwingel	Vice president	1 Jan 2010	Other	4347148
Stefan Kip Astheimer	Vice president	1 Dec 2012	Other	6173843
Stephen Joseph Carl	Vice president	1 Feb 2016	Other	4161139
Steven Michael Macnamara	Director of equities	1 Dec 2017	Other	1569776
John Joseph Trentacoste	Director of fixed income	1 Jul 2018	Other	1454447

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Laidlaw Global Corporation	Shareholder	1 Sep 1996	75% - 100%	13-4093923
Randal J. Kirk	Shareholder	1 Nov 1998	75% - 100%	4496987
Third Security Management Corp.	Shareholder	1 Dec 2001	75% - 100%	01-0556672
Third Security Llc	Shareholder	1 Dec 2001	75% - 100%	54-1923091
H & R Of Rochester Corp.	Owner	1 Oct 2006	75% - 100%	20-4494640
Robert B Cairns	Shareholder	1 Oct 2006	Other	5663826

Based in Rochester

The principal office where Howe And Rusling, Inc. performs its advisory services is located at 120 East Ave, Rochester, NY 14604, which is also the mailing address of the firm. An additional office of the firm is in Fayetteville, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-325-4140 or by fax 585-325-7361. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at howeandrusling.com.