Allegheny Financial Group Marks 30 Years

A Western Pa. Acorn that Became a Sizable Oak

PITTSBURGH, Oct. 26—Allegheny Financial Group, a major local financial planning and advisory firm, has just passed the 30-year mark, and its managers are reflecting on the reasons for the firm’s consistent growth. Founded by an insurance representative and an investment securities broker who recognized that clients needed objective, comprehensive financial advice rather than proprietary products, Allegheny, which now includes an affiliated broker/dealer firm, has 80 financial advisors, more than 10,000 clients, $2.3 billion of client investments under management, and a professional support staff of 60. The firm provides financial planning and investment management as well as risk, retirement, business and estate planning.

The two founders, James Hohman, CFP, and James Browne, CFP, attribute much of the firm’s success to their original focus on the client’s best interest, independent of companies and products. “We’re a financial advisory firm run by advisors, not by product sales managers; so the goal of benefiting clients rather than selling them something is built in,” said Hohman.

“Along the way, we’ve consistently emphasized professionalism in our advisors,” said Browne. “That not only means competence and credentials, but ethical standards. That combination has led clients to recommend us to their family and friends.”

Both Hohman and Browne are still active financial planning practitioners who advise clients daily. They and a third partner, Karl Smrekar, as well as most of the firm’s advisors, are Certified

Financial Planners. Browne was also a founder of the Pittsburgh chapter of the Financial Planning Association, the professional organization for financial planning advisors. 

Because of growth, Allegheny Financial Group and its broker/dealer, Allegheny Investments, recently moved into new, expanded headquarters on Camp Horne Road just off Interstate 279.

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Contact: David Jeter, senior vice president, 412.536.8012, djeter@alleghenyfinancial.com