Ic Advisory Services, Inc. (Bedminster)

Name: Ic Advisory Services, Inc.
Address: 1420 Route 206 North, Bedminster, NJ, 07921
Telephone: 908-707-4422

Ic Advisory Services, Inc. is a large advisory firm based in Bedminster. It manages $1.13 billion of regulatory assets for 4,610 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Ic Advisory Services 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 more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ic Advisory Services: assets under management

The assets under management (AUM) of Ic Advisory Services, Inc. is $1.13 billion. The firm's AUM has grown by 109% since the beginning of its operation, and $4.43 million of the total AUM is attributable to clients outside of the United States.

The firm manages $842.35 million in discretionary accounts and $291.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $235.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $283.39 thousand.

Ic Advisory Services has custody of $6.06 million in cash and securities for 5 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 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ic Advisory Services, 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 Ralph James Devito serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ralph James Devito is individuals with 4,114 clients and $689.43 million of assets under management. Among the 9 most similar advisory firms, Ic Advisory Services has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.13 billion for 4,608 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.

Ic Advisory Services doesn't advise any private funds.

Careers at Ic Advisory Services, Inc.

The company employs 227 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. 187 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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 receive compensation from other entities for client referrals.

Ralph James Devito has been acting as President since 1 Jan 2006. James Wagner Zerweck joined the executive team most recently as the National Sales Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Ic Financial	Sole shareholder	1 Jan 2006	75% - 100%	84-1701547
Ralph James Devito	Director	1 Jan 2006	Other	1459156
Douglas Andrew Wright	Chief compliance officer	1 Jan 2006	Other	1626724
James Wagner Zerweck	Vice president marketing	1 Jan 2006	Other	2636989
James Wagner Zerweck	National sales manager	1 Jan 2011	Other	2636989

Based in Bedminster

The principal office where Ic Advisory Services, Inc. performs its advisory services is located at 1420 Route 206 North, Bedminster, NJ 07921 The mailing address of the firm is 1420 Route 206 North, Suite 210, Bedminster, NJ 07921. An additional office of the firm is in Towaco, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 908-707-4422 or by fax 908-707-6486. 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 investmentctr.com.