Budros, Ruhlin & Roe, Inc. (Columbus)

Name: Budros, Ruhlin & Roe, Inc.
Address: 1801 Watermark Drive, Suite 300, Columbus, OH, 43215 7088
Telephone: 614-481-6900

Budros, Ruhlin & Roe, Inc. is a large advisory firm based in Columbus. It manages $2.3 billion of regulatory assets for 5,981 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Colorado, and 15 other states.

Budros, Ruhlin & Roe provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Budros, Ruhlin & Roe: assets under management

The assets under management (AUM) of Budros, Ruhlin & Roe, Inc. is $2.3 billion. The firm's AUM has grown by 282% since the beginning of its operation, and $1.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.24 billion in discretionary accounts and $58.05 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $383.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $392.21 thousand.

Budros, Ruhlin & Roe has custody of $526.51 million in cash and securities for 449 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 64% 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 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Budros, Ruhlin & Roe, 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.

What kind of clients Michael Scott Rister 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 Michael Scott Rister is high net worth individuals with 498 clients and $2.04 billion of assets under management. Among the 7 most similar advisory firms, Budros, Ruhlin & Roe has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.3 billion for 729 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.

Budros, Ruhlin & Roe doesn't advise any private funds.

Careers at Budros, Ruhlin & Roe, Inc.

The company employs 44 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 25 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.

Michael Scott Rister has been acting as President since 1 Feb 2019. Ruhlin & Roe Inc. Budros joined the executive team most recently as the Treasury Shares.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Louis Budros	Chairman of the board of directors	1 Nov 1979	Other	2714592
James Budros	Principal	1 Nov 1979	25% - 50%	2714592
Peggy Miller Ruhlin	Chief executive officer, chief financial officer, chief operating officer, member of the board of directors	1 Sep 1987	25% - 50%	2708253
Peggy Ruhlin	Principal	1 Sep 1987	25% - 50%	2708253
Daniel Beale Roe	Chief investment officer and member of the board of directors	1 Apr 1996	25% - 50%	1681731
John David Schuman	Chief planning officer, chief compliance officer & member of the board of directors	1 Jun 2001	25% - 50%	4520722
Daniel Lawrence Due	Sr. wealth manager	1 May 2003	Other	2933018
Peggy Ruhlin	Chief compliance officer	1 Oct 2004	25% - 50%	2708253
Peggy Miller Ruhlin	Chief compliance officer	1 Oct 2004	25% - 50%	2708253
Gary John Marcinick	Executive vice president	1 Jun 2006	Other	1491891
Joseph John Patracuollo	Vice president & director of research	1 Dec 2009	Other	2342229
Eric Gerhard Shisler	Vice president & director of research	1 Nov 2013	Other	1783814
Aaron Timothy Armstrong	Member of board of directors	1 May 2014	Other	5200946
Karen Marie Thompson	Director of human resources	1 Oct 2014	Other	4169087
Brian Rocco Jack	Vice president, director of operations	1 Jun 2015	Other	6626055
James Louis Budros	Member of the board of directors	1 Feb 2019	Other	2714592
Peggy Miller Ruhlin	Chair of the board of directors	1 Feb 2019	25% - 50%	2708253
Michael Scott Rister	President	1 Feb 2019	Other	3262509
Ruhlin & Roe Inc. Budros	Treasury shares	1 Jul 2019	Other	106536
Tracie Christine Patten	Sr. director of marketing	1 Jul 2019	Other	7150221

Based in Columbus

The principal office where Budros, Ruhlin & Roe, Inc. performs its advisory services is located at 1801 Watermark Drive, Suite 300, Columbus, OH 43215 7088, 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 614-481-6900 or by fax 614-481-6919. The normal business hours are 8-5 m-th, 8-1:30 f on Monday - Friday. You can find more information about the New York firm at b-r-r.com.