Independent Fiduciary Services, Inc. (Washington)

Name: Independent Fiduciary Services, Inc.
Address: 805 15 Th Street Nw, Washington, DC, 20005
Telephone: 202-898-2270

Independent Fiduciary Services, Inc. is a large advisory firm based in Washington. It manages $1.72 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of District of Columbia and Florida.

Independent Fiduciary Services provides portfolio management for businesses and institutional clients, pension consulting services, and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Independent Fiduciary Services: assets under management

The assets under management (AUM) of Independent Fiduciary Services, Inc. is $1.72 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 241% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.72 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $122.86 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Independent Fiduciary Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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.

Careers at Independent Fiduciary Services, Inc.

Winston Churchill has been acting as President since 1 Nov 2000. G Alan Stiles joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Francis Xavier Lilly	President	1 Oct 1996	50% - 75%	1879491
Samuel William Halpern	Executive vice president/general counsel	1 Oct 1996	25% - 50%	4521084
Richard Frederick Schmidt	Chief financial officer	1 Oct 1996	Other	4521092
Leslie Billet	Chief compliance officer	1 Jun 1997	Other	2558659
Winston Churchill	Director	1 Nov 2000	Other	4347633
Maynard Robert	Director	1 Nov 2000	Other	4347634
Peter Charles Giammarinaro	Vice president, controller & compliance officer	1 Mar 2003	Other	2143554
Andrew Irving	Chief legal officer	1 Aug 2004	Other	4920497
Francis Xavier Lilly	Chief executive officer and chariman of the board	1 Jan 2006	25% - 50%	1879491
Samuel William Halpern	President	1 Jan 2006	25% - 50%	4521084
Richard Frederick Schmidt	Executive vice president and chief financial officer	1 Jan 2006	Other	4521092
Barnard Andrew Buscemi	Executive vice president and chief operating officer	1 Jan 2006	Other	2765189
Natalie Hope Kossak	Vice president, asst general counsel & chief compliance officer	1 Jun 2006	Other	5178697
G Alan Stiles	Chief operating officer	1 Apr 2007	Other	5324840

Based in Washington

The principal office where Independent Fiduciary Services, Inc. performs its advisory services is located at 805 15 Th Street Nw, Washington, DC 20005, which is also the mailing address of the firm. An additional office of the firm is in Newark, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 202-898-2270 or by fax 202-898-1819. The normal business hours are 8:30am - 6:00pm on Monday - Friday. You can find more information about the New York firm at www.independentfiduciary.com.