Everhart Financial Group Inc (Dublin)

Name: Everhart Financial Group Inc
Address: 535 Metro Place South, Dublin, OH, 43017
Telephone: 614-717-9705

Everhart Financial Group Inc is a large advisory firm based in Dublin. It manages $447.73 million of regulatory assets for 2,338 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 12 other states.

Everhart Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Everhart Financial Group: assets under management

The assets under management (AUM) of Everhart Financial Group Inc is $447.73 million. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $320.37 million in discretionary accounts and $127.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $218.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $146.38 thousand.

Everhart Financial Group has custody of $88 million in cash and securities for 364 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Everhart Financial Group Inc 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.

What kind of clients Everhart Financial Group serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Everhart Financial Group is individuals with 1,497 clients and $261.87 million of assets under management. Among the 8 most similar advisory firms, Everhart Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $447.73 million for 1,962 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.

Everhart Financial Group doesn't advise any private funds.

Careers at Everhart Financial Group Inc

The company employs 28 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Everhart Financial Group Inc is owned by Brian J Hanna. Steven Reinsel joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Scott Everhart	Owner and president	1 Jul 1995	50% - 75%	2165784
Andrew Paul Keeler	Financial planner	1 Jul 1995	Other	2519150
Matthew James Romeo	Owner and chief compliance officer	1 May 2007	Other	4201945
Brian J Hanna	Owner	1 Sep 2012	Other	2952333
Frank Ciotola	Owner	1 Jan 2013	Other	4546916
Steven Reinsel	Chief compliance officer	1 May 2016	Other	6601006

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Paul Keeler	Owner	1 May 2007	25% - 50%	2519150

Based in Dublin

The principal office where Everhart Financial Group Inc performs its advisory services is located at 535 Metro Place South, Dublin, OH 43017, which is also the mailing address of the firm. An additional office of the firm is in Miamisburg, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 614-717-9705 or by fax 614-717-9725. 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 everhartadvisors.com.