Logan Capital Management, Inc. (Ardmore)

Name: Logan Capital Management, Inc.
Address: Six Coulter Avenue, Suite 2000, Ardmore, PA, 19003
Telephone: 215-569-1100

Logan Capital Management, Inc. is a large advisory firm based in Ardmore. It manages $1.43 billion of regulatory assets for 852 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 35 other states.

Logan Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Logan Capital Management: assets under management

The assets under management (AUM) of Logan Capital Management, Inc. is $1.43 billion. The firm's AUM has gone down by -24% since the beginning of its operation, and $1.71 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.03 billion in discretionary accounts and $400.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $100.09 million.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is government bonds, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Logan Capital Management, Inc. for their services and products based on a percentage of assets under management and fixed 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 Logan Capital Management serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Logan Capital Management is insurance companies with 10 clients and $468.56 million of assets under management. Among the 10 most similar advisory firms, Logan Capital Management has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $1.4 billion for 839 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.

Logan Capital Management doesn't advise any private funds.

Careers at Logan Capital Management, Inc.

The company employs 31 people that are either part- or full-time employees. 26 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Al Besse	Principal	1 Feb 1994	25% - 50%	2450385
Dana Haines Stewardson	Principal	1 Feb 1994	25% - 50%	1340176
Stephen Subers Lee	Principal	1 Feb 1994	25% - 50%	2154460
Richard Eric Buchwald	Portfolio manager	1 Jun 2000	Other	2735357
Marvin Ira Kline	Portfolio manager	1 Jun 2000	Other	4549107
Mary Therese Evans	Chief operating officer & cco	1 Jul 2006	Other	1145772
Leonard Paul Metkowski	Chief financial officer	1 Jun 2012	Other	5652170

Based in Ardmore

The principal office where Logan Capital Management, Inc. performs its advisory services is located at Six Coulter Avenue, Suite 2000, Ardmore, PA 19003, which is also the mailing address of the firm. An additional office of the firm is in Rosemont, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215-569-1100 or by fax 215-851-9444. The normal business hours are 8:30 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at logancapital.com.