R. Applegate & Associates LLC (Pittsburgh)

R. Applegate & Associates LLC is a large advisory firm based in Pittsburgh. It manages $220.19 million of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Pennsylvania and Texas.

R. Applegate & Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

R. Applegate & Associates: assets under management

The assets under management (AUM) of R. Applegate & Associates LLC is $220.19 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $220.19 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.86 million each.

Investments

The firm invests in investment and business development companies the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% 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 R. Applegate & Associates LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Richard Read Applegate serves?

The firm provides services to charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Richard Read Applegate is high net worth individuals with 77 clients and $181.7 million of assets under management. Among the 7 most similar advisory firms, R. Applegate & Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $220.19 million for 81 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.

R. Applegate & Associates doesn't advise any private funds.

Careers at R. Applegate & Associates LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Richard Read Applegate has been acting as President since 1 Nov 2017. Victor Michael Dibattista joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Read Applegate	President	1 Nov 2017	75% - 100%	821789
Victor Michael Dibattista	Chief compliance officer	1 Nov 2017	Other	2723910

Based in Pittsburgh

The principal office where R. Applegate & Associates LLC performs its advisory services is located at 436 Seventh Avenue, Pittsburgh, PA 15219, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 412-227-2800 or by fax 412-227-2805. The normal business hours are 8:00-6:00 on Monday - Friday.