Ambassador Advisors, LLC (Lancaster)

Name: Ambassador Advisors, LLC
Address: 1755 Oregon Pike, Lancaster, PA, 17601
Telephone: 717-560-8300

Ambassador Advisors, LLC is a large advisory firm based in Lancaster. It manages $501.97 million of regulatory assets for 5,196 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Colorado, Delaware, and 15 other states.

Ambassador Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and 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.

Ambassador Advisors: assets under management

The assets under management (AUM) of Ambassador Advisors, LLC is $501.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 428% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $501.97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $96.61 thousand each.

Ambassador Advisors has custody of $2.58 million in cash and securities for 7 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 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% 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 Ambassador Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Robert Ernest Kauffman serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Robert Ernest Kauffman is individuals with 3,927 clients and $371.12 million of assets under management. Among the 12 most similar advisory firms, Ambassador Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $501.97 million for 4,349 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.

Ambassador Advisors doesn't advise any private funds.

Careers at Ambassador Advisors, LLC

The company employs 18 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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.

Robert Ernest Kauffman has been acting as President since 1 May 2010. Adrian Evan Young joined the executive team most recently as the Managing Member/Executive Vice President/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Ernest Kauffman	President	1 Sep 1992	Other	829384
Robert Ernest Kauffman	President	1 Jul 2001	50% - 75%	xxx-xx-xxxx
Thomas Edward Talbott	Investment advisor	1 Jul 2002	25% - 50%	2479325
J Mark Mackey	Investment advisor	1 Oct 2003	Other	316177
Lancaster Bible College	Owner	1 Jan 2004	75% - 100%	23-1484178
Richard W Good	Director	1 Jan 2004	Other	4978487
Paul H. Martin	Director	1 Jan 2004	Other	4978511
Charles F. Frey	Director	1 Jan 2004	Other	4978524
James S Herr	Director	1 Jan 2004	Other	4979981
Adrian Evan Young	Chief compliance officer	1 Jun 2005	Other	4584675
Adrian Evan Young	Managing member/executive vice president/chief compliance officer	1 May 2010	25% - 50%	4584675
Robert Ernest Kauffman	Managing member/president	1 May 2010	25% - 50%	829384
Bernard Irving Bostwick	Managing member/executive vice president	1 May 2010	25% - 50%	4327954

Based in Lancaster

The principal office where Ambassador Advisors, LLC performs its advisory services is located at 1755 Oregon Pike, Lancaster, PA 17601, which is also the mailing address of the firm. An additional office of the firm is in Harrisburg, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 717-560-8300 or by fax 717-560-8387. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at ambassadoradvisors.com.