H. Beck, Inc. (Rockville)

H. Beck provides financial planning services, portfolio management for individuals and small businesses, 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.

H. Beck: assets under management

The assets under management (AUM) of H. Beck, Inc. is $1.33 billion. The firm's AUM has grown by 28% since the beginning of its operation, and $805.23 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $161.64 million in discretionary accounts and $1.17 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $192.2 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $224.03 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% 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 H. Beck, 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 George Ignatius Connolly 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 George Ignatius Connolly is individuals with 5,488 clients and $1.07 billion of assets under management. Among the 10 most similar advisory firms, H. Beck has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.33 billion for 6,066 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

H. Beck doesn't advise any private funds.

Careers at H. Beck, Inc.

The company employs 410 people that are either part- or full-time employees. 95 percent of the employees work as investment advisers or researchers. 410 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 receive compensation from other entities for client referrals.

George Ignatius Connolly has been acting as President since 1 Dec 2008. L.P. Kingfisher Holding joined the executive team most recently as the Owner.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 15 indirect owners.

Based in Rockville

The principal office where H. Beck, Inc. performs its advisory services is located at 2440 Research Boulevard, Rockville, MD 20850, which is also the mailing address of the firm. An additional office of the firm is in Verona, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 301-944-5900 or by fax 301-231-5506. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at hbeckinc.com and its LinkedIn profile.

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