Safeguard Securities, Inc. (Cleveland)

Safeguard Securities, Inc. is a large advisory firm based in Cleveland. It manages $398.34 million of regulatory assets for 136 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Ohio and Texas.

Safeguard Securities provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Safeguard Securities: assets under management

The assets under management (AUM) of Safeguard Securities, Inc. is $398.34 million. The firm's AUM has grown by 810% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Safeguard Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kevin Owen Conway serves?

The firm provides services to investment companies, high net worth individuals, corporations or other businesses, and state or municipal government entities. The largest group of clients of Kevin Owen Conway is corporations or other businesses with 119 clients and $382.9 million of assets under management. Among the 7 most similar advisory firms, Safeguard Securities has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $393.26 million for 131 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.

Safeguard Securities doesn't advise any private funds.

Careers at Safeguard Securities, Inc.

The company employs 7 people that are either part- or full-time employees. 43 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.

Kevin Owen Conway has been acting as President since 1 Jun 2005. Jason P Geers joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Ancora Capital	Parent company	1 Jun 2005	75% - 100%	30-0002222
Kevin Owen Conway	President	1 Jun 2005	Other	1757347
David William Kuhr	Chief compliance officer, finop, srop/crop	1 Jan 2006	Other	2317114
Robin Marie Vanburik	Principal & secretary	1 Nov 2006	Other	1880596
Peter Lawrence Mooney	President, principal	1 May 2007	Other	2365429
Source Companies Llc	Parent company	1 Feb 2008	75% - 100%	42-1759872
Bradley Alan Zucker	Finop	1 Jan 2012	Other	4458446
Jeremy Joseph Scacco	Municipal principal	1 Jan 2012	Other	2800507
David William Kuhr	Cco	1 Apr 2013	Other	2317114
Howard Scott Essner	President, general counsel	1 Jan 2018	Other	5763274
Jason P Geers	Chief compliance officer	1 Feb 2018	Other	3236753

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Anthony Barone	Chairman	1 Jul 2002	75% - 100%	13213
Ancora Advisors Llc	Shareholder	1 Feb 2008	75% - 100%	124674
Peter Lawrence Mooney	Shareholder	1 Feb 2008	25% - 50%	2365429
Inc The Ancora Group	Shareholder	1 Jan 2010	75% - 100%	27-1506603
Inc. Ancora Holdings	Shareholder	1 Dec 2015	25% - 50%	81-0971177

Based in Cleveland

The principal office where Safeguard Securities, Inc. performs its advisory services is located at 6060 Parkland, Cleveland, 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 216-593-5090 or by fax 216-593-5091. The normal business hours are 9:00-5:00 on Monday - Friday.