Warren Financial Service & Associates, Inc. (Exton)

Name: Warren Financial Service & Associates, Inc.
Address: 7 Dowlin Forge Rd, Exton, PA, 19341
Telephone: 610-363-2000

Warren Financial Service & Associates, Inc. is a large advisory firm based in Exton. It manages $169.14 million of regulatory assets for 274 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Delaware, Georgia, New York, Pennsylvania, and South Carolina.

Warren Financial Service & Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Warren Financial Service & Associates: assets under management

The assets under management (AUM) of Warren Financial Service & Associates, Inc. is $169.14 million. The firm's AUM has grown by 505% since the beginning of its operation, and $501.15 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $166.11 million in discretionary accounts and $3.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $672.52 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $112.24 thousand.

Warren Financial Service & Associates has custody of $35.96 million in cash and securities for 60 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 66% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Warren Financial Service & Associates, Inc. for their services and products based on a percentage of assets under management and performance-based 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 Warren Financial Service & Associates serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Warren Financial Service & Associates is high net worth individuals with 77 clients and $107.2 million of assets under management. Among the 7 most similar advisory firms, Warren Financial Service & Associates has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $169.14 million for 274 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.

Warren Financial Service & Associates also advises several private funds. Namely, one hedge fund and one venture capital fund. The minimum investment commitment required of non-related persons ranges from $10,000 to $300,000.

Careers at Warren Financial Service & Associates, Inc.

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 5 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
Randall Alan Warren	Chief compliance officer	1 Jan 2001	75% - 100%	4502516
Clarence William Warren	Ceo	1 Jan 2001	Other	4502517

Based in Exton

The principal office where Warren Financial Service & Associates, Inc. performs its advisory services is located at 7 Dowlin Forge Rd, Exton, PA 19341, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-363-2000 or by fax 610-363-2223. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at warrenfinancial.com.