Renaissance Investment Consultants Holding Company, LLC (Wayne)

Name: Renaissance Investment Consultants Holding Company, LLC
Address: 480 E. Swedesford Road, Wayne, PA, 19087 1834
Telephone: 610-627-5921

Renaissance Investment Consultants Holding Company, LLC is a large advisory firm based in Wayne. It manages $151.12 million of regulatory assets for 490 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Delaware, Florida, New Hampshire, and 4 other states.

Renaissance Investment Consultants Holding Company provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Renaissance Investment Consultants Holding Company: assets under management

The assets under management (AUM) of Renaissance Investment Consultants Holding Company, LLC is $151.12 million. The firm's AUM has gone down by -26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $150.71 million in discretionary accounts and $406.97 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $308.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $203.49 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 46% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Renaissance Investment Consultants Holding Company, LLC 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 Renaissance Investment Consultants Holding Company serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Renaissance Investment Consultants Holding Company is high net worth individuals with 43 clients and $94.87 million of assets under management. Among the 9 most similar advisory firms, Renaissance Investment Consultants Holding Company has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $144.33 million for 244 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.

Renaissance Investment Consultants Holding Company doesn't advise any private funds.

Careers at Renaissance Investment Consultants Holding Company, LLC

The company employs 9 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 3 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
Irvin William Rosenzweig	Managing member	1 Jul 2014	75% - 100%	1587808
Sharon Lee Clifton	Chief compliance officer	1 Aug 2014	Other	4317558

Based in Wayne

The principal office where Renaissance Investment Consultants Holding Company, LLC performs its advisory services is located at 480 E. Swedesford Road, Wayne, PA 19087 1834, 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 610-627-5921 or by fax 610-627-5848. 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 midlanticfinancialstrategiesgroup.com/midlanticbenefitsgroup.aspx?mymenu=home&mypage=&sessionid=66222808.