Geovest Advisors Inc (Fairport)

Name: Geovest Advisors Inc
Address: 245 Willowbrook Office Park, Fairport, NY, 14450 4221
Telephone: 585-248-5050

Geovest Advisors Inc is a large advisory firm based in Fairport. It manages $212.07 million of regulatory assets for 281 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New York, and Pennsylvania.

Geovest Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and financial analysis to institutions. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Geovest Advisors: assets under management

The assets under management (AUM) of Geovest Advisors Inc is $212.07 million. The firm's AUM has grown by 36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $207.86 million in discretionary accounts and $4.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $750.41 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.05 million.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is government bonds, which make up 18% of the firm’s portfolio. Investments in investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Geovest Advisors Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robert Edgar Reeves serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Robert Edgar Reeves is high net worth individuals with 23 clients and $61.13 million of assets under management. Among the 8 most similar advisory firms, Geovest Advisors has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $108.35 million for 170 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.

Geovest Advisors doesn't advise any private funds.

Careers at Geovest Advisors Inc

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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.

Robert Edgar Reeves has been acting as President since 1 Dec 1987. Sharon Dinardo Allen joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Edgar Reeves	President	1 Dec 1987	50% - 75%	1253462
Philip D. Bosso	Shareholder	1 Aug 1988	Other	4347127
David James Upson	Vice president & portfolio manager	1 Jan 1990	25% - 50%	864464
Kathleen E. Schwingel	Vice president, operations manager	1 Jul 1998	Other	4347148
Bertha H. Bosso	Shareholder	1 Dec 2002	Other	4642750
Nancy Marie Wagner	Asst. vp, operations manager, chief compliance officer	1 Jul 2005	Other	5029263
Nancy Marie Wagner	Vp, operations manager, chief compliance officer	1 Jan 2008	Other	5029263
Philip Michael Byrne	Vice president & chief investment officer	1 Dec 2008	Other	5649022
Charles Stuart Puls	Vice president, client services	1 Dec 2008	Other	5649024
Michele Renee Krug	Assistant vice president	1 Sep 2010	Other	6298778
Michele Renee Krug	Vice president	1 Jan 2016	Other	6298778
Sharon Dinardo Allen	Assistant vice president	1 Jan 2016	Other	1175325
Sharon Dinardo Allen	Vice president	1 Jan 2018	Other	1175325

Based in Fairport

The principal office where Geovest Advisors Inc performs its advisory services is located at 245 Willowbrook Office Park, Fairport, NY 14450 4221, 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 585-248-5050 or by fax 585-248-8784. The normal business hours are 8:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at geovestadvisors.com.