Valley National Advisers Inc (Bethlehem)


Valley National Advisers Inc is a large advisory firm based in Bethlehem. It manages $897.17 million of regulatory assets for 3,995 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 12 other states.

Valley National Advisers provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Valley National Advisers: assets under management

The assets under management (AUM) of Valley National Advisers Inc is $897.17 million. The firm's AUM has grown by 455% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $829.84 million in discretionary accounts and $67.32 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $211.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $975.7 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 62% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in government bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Valley National Advisers 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 Thomas Merle Riddle 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 Thomas Merle Riddle is individuals with 3,804 clients and $606.21 million of assets under management. Among the 8 most similar advisory firms, Valley National Advisers has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $897.17 million for 3,995 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.

Valley National Advisers doesn't advise any private funds.

Careers at Valley National Advisers Inc

The company employs 13 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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 don’t receive compensation from other entities for client referrals.

Thomas Merle Riddle has been acting as President since 1 Oct 1984. Matthew E Petrozelli joined the executive team most recently as the Chief Executive Officer And Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Thomas Merle Riddle Chairman 1 Oct 1984 75% - 100% 1335487
Matthew E Petrozelli Chief executive officer and chief compliance officer 1 Jan 2018 Other 4720275

Based in Bethlehem

The principal office where Valley National Advisers Inc performs its advisory services is located at 1655 Valley Center Parkway, Bethlehem, PA 18017, which is also the mailing address of the firm. An additional office of the firm is in Johnstown, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-868-9000 or by fax 610-868-9900. The normal business hours are 8-4 on Monday - Friday. You can find more information about the New York firm at valleynationalgroup.com.