Foundation Resource Management, Inc. (Little Rock)


Foundation Resource Management, Inc. is a large advisory firm based in Little Rock. It manages $1.28 billion of regulatory assets for 457 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arkansas, Colorado, Louisiana, and Texas.

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

Foundation Resource Management: assets under management

The assets under management (AUM) of Foundation Resource Management, Inc. is $1.28 billion. The firm's AUM has grown by 3350% since the beginning of its operation, and $3.27 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.14 billion in discretionary accounts and $136.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.51 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $45.34 million.
Foundation Resource Management has custody of $4.37 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 20% of the firm’s portfolio. Investments in government bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Foundation Resource Management, 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.

What kind of clients Gregory Philip Hartz serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Gregory Philip Hartz is insurance companies with 4 clients and $442.96 million of assets under management. Among the 9 most similar advisory firms, Foundation Resource Management has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $1.14 billion for 204 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Foundation Resource Management doesn't advise any private funds.

Careers at Foundation Resource Management, Inc.

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 6 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gregory Philip Hartz has been acting as President since 1 Jan 2014. Mark Wood Millsap joined the executive team most recently as the Secretary.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Gregory Philip Hartz President 1 Feb 1992 50% - 75% 1560014
Mark Wood Millsap Secretary 1 Nov 2001 50% - 75% 1972435
Gregory Philip Hartz Secretary 1 Jan 2004 50% - 75% 1560014
Mark Wood Millsap President 1 Jan 2004 50% - 75% 1972435
Abby Young Mckelvy Chief compliance officer 1 Oct 2004 Other 5034895
Gregory Philip Hartz President 1 Jan 2006 50% - 75% 1560014
Mark Wood Millsap Secretary 1 Jan 2006 50% - 75% 1972435
Gregory Philip Hartz Secretary 1 Jan 2008 50% - 75% 1560014
Mark Wood Millsap President 1 Jan 2008 50% - 75% 1972435
Gregory Philip Hartz President 1 Jan 2010 50% - 75% 1560014
Mark Wood Millsap Secretary 1 Jan 2010 50% - 75% 1972435
Mark Wood Millsap President 1 Jan 2012 50% - 75% 1972435
Gregory Philip Hartz Secretary 1 Jan 2012 50% - 75% 1560014
Mark Wood Millsap Secretary 1 Jan 2014 50% - 75% 1972435
Gregory Philip Hartz President 1 Jan 2014 50% - 75% 1560014
Mark Wood Millsap Secretary 1 Jan 2016 50% - 75% 1560014
Gregory Philip Hartz Secretary 1 Jan 2016 50% - 75% 1560014
Gregory Philip Hartz President 1 Jan 2018 50% - 75% 1972435

Based in Little Rock

The principal office where Foundation Resource Management, Inc. performs its advisory services is located at 401 W. Capitol, Suite 503, Little Rock, AR 72201, 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 501-604-3190 or by fax 501-604-3195. The normal business hours are 8:00a.m.-5:00p.m. cst on Monday - Friday. You can find more information about the New York firm at foundationresourcemanagement.com.

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