The Ullmann Financial Group, Inc. (Jacksonville Beach)

Name: The Ullmann Financial Group, Inc.
Address: 1540 The Greens Way, Jacksonville Beach, FL, 32250
Telephone: 904-280-3700

The Ullmann Financial Group, Inc. is a large advisory firm based in Jacksonville Beach. It manages $386.03 million of regulatory assets for 779 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Georgia, North Carolina, South Carolina, and Texas.

The Ullmann Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Ullmann Financial Group: assets under management

The assets under management (AUM) of The Ullmann Financial Group, Inc. is $386.03 million. The firm's AUM has grown by 30% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $376.9 million in discretionary accounts and $9.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $503.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $304.15 thousand.

The Ullmann Financial Group has custody of $17.07 million in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Ullmann Financial Group, 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 Glenn Michael Ullmann serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Glenn Michael Ullmann is high net worth individuals with 144 clients and $314.08 million of assets under management. Among the 9 most similar advisory firms, The Ullmann Financial Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $386.03 million for 360 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.

The Ullmann Financial Group doesn't advise any private funds.

Careers at The Ullmann Financial Group, Inc.

The company employs 11 people that are either part- or full-time employees. 55 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 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.

Glenn Michael Ullmann has been acting as President since 1 Sep 2002. Deanna Ann Brown joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Glenn Michael Ullmann	President/chief compliance officer	1 Sep 2002	75% - 100%	2349085
Deanna Ann Brown	Vice president	1 Sep 2002	Other	4268868

Based in Jacksonville Beach

The principal office where The Ullmann Financial Group, Inc. performs its advisory services is located at 1540 The Greens Way, Jacksonville Beach, FL 32250, which is also the mailing address of the firm. An additional office of the firm is in Charleston, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 904-280-3700 or by fax 904-280-3785. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ullmannbrown.com and its LinkedIn profile.