Firstmerit Advisors, Inc. (Akron)

Firstmerit Advisors, Inc. is an adviser based in Akron. It manages $220 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Ohio.

Firstmerit Advisors provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Firstmerit Advisors: assets under management

The assets under management (AUM) of Firstmerit Advisors, Inc. is $220 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $220 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $110 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Firstmerit Advisors, Inc. for their services and products based on a percentage of assets under management. 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 Firstmerit Advisors, Inc.

Gregory Richard Bean has been acting as President since 1 Oct 2000. Firstmerit Corporation joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Firstmerit Corporation	Shareholder	1 Oct 2000	75% - 100%	34-1339938
Gregory Richard Bean	President/director	1 Oct 2000	Other	2403317
Sid A Bostic	Director	1 Oct 2000	Other	3137044
Wesley Charles Meinerding	Treasurer	1 Oct 2000	Other	4371468
Terry Eugene Patton	Secretary/director	1 Oct 2000	Other	2403316
Randall Eugene Thornton	Vice president/director	1 Oct 2000	Other	2403320

Based in Akron

The principal office where Firstmerit Advisors, Inc. performs its advisory services is located at Iii Cascade Plaza, Akron, OH 44308, which is also the mailing address of the firm. The firm also has an office outside of the United States.