St. Clair Advisors, LLC (Mayfield Heights)

Name: St. Clair Advisors, LLC
Address: 6120 Parkland Blvd., Mayfield Heights, OH, 44124
Telephone: 440-925-5670

St. Clair Advisors, LLC is a large advisory firm based in Mayfield Heights. It manages $554.33 million of regulatory assets for 443 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida and Ohio.

St. Clair Advisors provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and tax planning and tax compliance. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

St. Clair Advisors: assets under management

The assets under management (AUM) of St. Clair Advisors, LLC is $554.33 million, all of which is managed in discretionary accounts. 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 $554.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.25 million each.

St. Clair Advisors has custody of $200.84 million in cash and securities for 85 clients 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 state and local bonds, which make up 22% of the firm’s portfolio. Investments in other assets form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay St. Clair Advisors, LLC 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 St. Clair Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of St. Clair Advisors is high net worth individuals with 61 clients and $539.81 million of assets under management. Among the 9 most similar advisory firms, St. Clair Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $554.33 million for 96 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.

St. Clair Advisors doesn't advise any private funds.

Careers at St. Clair Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 20 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dominic Vincent Perry	Member	1 Sep 2010	Other	5845664
Jr. William Edward Karnatz	Member	1 Sep 2010	Other	5845668
David William Sommer	Member, cio and chief compliance officer	1 Oct 2010	Other	4648614
Ronald Edward Bates	Member, chief executive officer	1 Oct 2010	Other	4951663
Mark Andrew Mihalik	Member	1 Oct 2010	Other	5951403
Craig Andrew Steinbrink	Member	1 Sep 2014	Other	4345672

Based in Mayfield Heights

The principal office where St. Clair Advisors, LLC performs its advisory services is located at 6120 Parkland Blvd., Mayfield Heights, OH 44124, 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 440-925-5670 or by fax 440-646-1838. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at saintclairadvisors.com.