Thomas Wright Asset Management, Inc. is a large advisory firm based in San Juan. It manages $183.24 million of regulatory assets for 60 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Puerto Rico, South Carolina, and Texas.
Thomas Wright Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Thomas Wright Asset Management, Inc. is $183.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 138% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Thomas Wright Asset Management, Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Thomas Wright Asset Management is high net worth individuals with 23 clients and $175.11 million of assets under management. Among the 11 most similar advisory firms, Thomas Wright Asset Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $179.12 million for 34 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.
Thomas Wright Asset Management doesn't advise any private funds.
The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.
The principal office where Thomas Wright Asset Management, Inc. performs its advisory services is located at 53 Calle Palmeras, San Juan, PR 00901 2408, 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 843-971-4265. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at twasset.com.