Andesa Financial Management, Inc. (Allentown)

Name: Andesa Financial Management, Inc.
Address: 4905 Hamilton Boulevard, Allentown, PA, 18106
Telephone: (610) 841-5367

Andesa Financial Management, Inc. is a large advisory firm based in Allentown. It manages $255.06 million of regulatory assets for 656 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, New York, Pennsylvania, and 3 other states.

Andesa Financial Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Andesa Financial Management: assets under management

The assets under management (AUM) of Andesa Financial Management, Inc. is $255.06 million. The firm's AUM has grown by 67% since the beginning of its operation, and $280 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $214.57 million in discretionary accounts and $40.49 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $456.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $217.69 thousand.

Andesa Financial Management has custody of $8.94 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 42% of the total AUM. The second-largest asset type is other assets, which make up 38% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Andesa Financial 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 Andesa Financial Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Andesa Financial Management is high net worth individuals with 113 clients and $216.73 million of assets under management. Among the 8 most similar advisory firms, Andesa Financial Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $255.06 million for 249 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.

Andesa Financial Management doesn't advise any private funds.

Careers at Andesa Financial Management, Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul Curtis Barbehenn	Principal & chief compliance officer	1 Aug 2006	25% - 50%	4246485
Michael David Baittinger	Principal	1 Nov 2006	25% - 50%	2832152
Malcolm Northrup Briggs	Shareholder	1 Jan 2009	Other	30503
David Matthew Leber	Of counsel	1 Jan 2013	Other	304838

Based in Allentown

The principal office where Andesa Financial Management, Inc. performs its advisory services is located at 4905 Hamilton Boulevard, Allentown, PA 18106, 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 (610) 841-5367 or by fax (610) 844-0272. The normal business hours are m-th- 8:30 a.m. to 5:00 p.m. on Other. You can find more information about the New York firm at andesafm.com.