Rodgers Brothers, Inc. (Harmony)

Name: Rodgers Brothers, Inc.
Address: 223 Mercer Street, Harmony, PA, 16037
Telephone: 724-473-4003

Rodgers Brothers, Inc. is a large advisory firm based in Harmony. It manages $449.93 million of regulatory assets for 677 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Florida, Georgia, and 11 other states.

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

Rodgers Brothers: assets under management

The assets under management (AUM) of Rodgers Brothers, Inc. is $449.93 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 967% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $449.93 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $664.6 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in investment and business development companies form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Rodgers Brothers, 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 Mark Rodgers serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Mark Rodgers is high net worth individuals with 124 clients and $298.47 million of assets under management. Among the 8 most similar advisory firms, Rodgers Brothers has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $449.93 million for 326 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.

Rodgers Brothers doesn't advise any private funds.

Careers at Rodgers Brothers, Inc.

The company employs 10 people that are either part- or full-time employees. 60 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.

Mark Rodgers has been acting as President since 1 Feb 1985. Denise Ryan Rodgers joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Rodgers	Ceo	1 Feb 1985	25% - 50%	1043217
Mark Rodgers	President	1 Feb 1985	25% - 50%	865696
Michael Carey Rodgers	Director	1 Oct 2003	Other	2500890
Gary Rodgers	Chief compliance officer	1 Nov 2004	50% - 75%	1043217
Chris Robert Rabenold	Vice president	1 Dec 2005	Other	2088377
Denise Ryan Rodgers	Chief compliance officer	1 Jan 2006	Other	2766807

Based in Harmony

The principal office where Rodgers Brothers, Inc. performs its advisory services is located at 223 Mercer Street, Harmony, PA 16037, which is also the mailing address of the firm. An additional office of the firm is in Doylestown, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 724-473-4003 or by fax 724-473-4050. The normal business hours are 8:30-5:00, f 8:30-4:30 on Monday - Friday. You can find more information about the New York firm at rodgersbrothers.com.