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.

You can reach the main office by calling the phone number 330-384-7287 or by fax 330-384-7133. The normal business hours are 8:00am to 5:00pm on Monday - Friday.