Crumly And Associates, Incorporated (Springfield)

Name: Crumly And Associates, Incorporated
Address: 214 South Grand Avenue West, Springfield, IL, 62704
Telephone: 217-321-3210

Crumly And Associates, Incorporated is a large advisory firm based in Springfield. It manages $162.11 million of regulatory assets for 308 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, Illinois, and Texas.

Crumly And Associates, Incorporated provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Crumly And Associates, Incorporated: assets under management

The assets under management (AUM) of Crumly And Associates, Incorporated is $162.11 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 48% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $162.11 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $526.33 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in other assets form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Crumly And Associates, Incorporated 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 Crumly And Associates, Incorporated 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 Crumly And Associates, Incorporated is high net worth individuals with 50 clients and $86.99 million of assets under management. Among the 8 most similar advisory firms, Crumly And Associates, Incorporated has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $162.11 million for 308 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.

Crumly And Associates, Incorporated doesn't advise any private funds.

Careers at Crumly And Associates, Incorporated

The company employs 8 people that are either part- or full-time employees. 63 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Wayne Crumly	President and chief compliance officer	1 Jan 2011	75% - 100%	2447307
Courtney Jane Babiak	Chief operating officer	1 Jul 2016	Other	6142900
Courtney J Babiak	Chief operating officer	1 Jul 2016	Other	6142900
Scott Michael Norris	Wealth manager	1 Jan 2018	Other	4153601

Based in Springfield

The principal office where Crumly And Associates, Incorporated performs its advisory services is located at 214 South Grand Avenue West, Springfield, IL 62704, 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 217-321-3210 or by fax 217-303-5422. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at troxellfinancialadvisors.com.