Econ Financial Services Corporation is a large advisory firm based in Harrisburg. It manages $112.9 million of regulatory assets for 916 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Pennsylvania and Texas.
Econ Financial Services Corporation provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Econ Financial Services Corporation is $112.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 12% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Econ Financial Services Corporation 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Steven Richard Economopoulos is individuals with 341 clients and $103 million of assets under management. Among the 8 most similar advisory firms, Econ Financial Services Corporation has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $112.9 million for 369 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.
Econ Financial Services Corporation doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 20 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 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.
Steven Richard Economopoulos has been acting as President since 1 Sep 2015. Charles Daniel Domer joined the executive team most recently as the Chief Compliance Officer.
The principal office where Econ Financial Services Corporation performs its advisory services is located at 4755 Linglestown Road, Harrisburg, PA 17112, which is also the mailing address of the firm. An additional office of the firm is in Hummelstown, PA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 717-545-5870. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at econwealth.com/.