First Savings Financial Services, Inc. (Doylestown)


First Savings Financial Services, Inc. is a large advisory firm based in Doylestown. It manages $318.25 million of regulatory assets for 1,643 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alaska, California, Connecticut, and 17 other states.

First Savings Financial Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Savings Financial Services: assets under management

The assets under management (AUM) of First Savings Financial Services, Inc. is $318.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 78% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $318.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $193.7 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Savings Financial 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 First Savings Financial Services, Inc.

Angelo Mark Papalia has been acting as President since 1 Sep 2009. Stephanie Schwartzberg Larue joined the executive team most recently as the Executive Vice President/General Counsel.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
First Savings Bank Of Perkasie Direct owner - 100% 1 Jul 2009 75% - 100% 23-1330248
Walter Howard Cressman Director 1 Jul 2009 Other 5720426
Frederick Eberhard Schea Director 1 Jul 2009 Other 5720430
Jerome Pancratius Arrison Director 1 Jul 2009 Other 5720431
Ned Michael Shanahan Chief compliance officer, chief legal officer, chief operating officer, secretary 1 Sep 2009 Other 1438885
Kenneth Richard Ferrone Cio/vp 1 Sep 2009 Other 2367840
Angelo Mark Papalia President 1 Sep 2009 Other 1865789
Kimberly Weichel Assistant secretary 1 Sep 2009 Other 5719231
Todd Russell Hurley Director 1 Mar 2012 Other 6178932
Brian Michael Ferko Chief compliance officer 1 Jun 2013 Other 2524425
Raymond Thomas Spinelli Executive vice president/director 1 Jul 2013 Other 1676130
Stephanie Schwartzberg Larue Executive vice president/general counsel 1 Jan 2014 Other 6305306

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Fsb Bankshares Corporation Owns 100% of first savings bank of perkasie 1 Jun 2004 75% - 100% 34-2006610
Inc. Fsb Mutual Holdings Owns 100% of fsb bankshares corporation 1 Jun 2004 75% - 100% 34-2006616

Based in Doylestown

The principal office where First Savings Financial Services, Inc. performs its advisory services is located at 3969 Durham Road, Doylestown, PA 18902, 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 215-257-5035 or by fax 267-864-1025. The normal business hours are 8:30am - 5:00pm est on Monday - Friday. You can find more information about the New York firm at www.papaliafinancial.com.

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