Wcas Management Corporation (New York)

Wcas Management Corporation provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wcas Management Corporation: assets under management

The assets under management (AUM) of Wcas Management Corporation is $9.93 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and $789.54 million of the total AUM is attributable to clients outside of the United States.

The firm manages $9.93 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $661.86 million each.

Wcas Management Corporation has custody of $7.57 billion in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wcas Management Corporation for their services and products based on a percentage of assets under management and performance-based 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 Patrick Joseph Welsh serves?

The only and largest group of clients of Patrick Joseph Welsh is pooled investment vehicles with 15 clients and $9.93 billion of assets under management. Among the 5 most similar advisory firms, Wcas Management Corporation has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $9.93 billion for 15 clients. 8% of the firm’s clients are foreign persons or businesses.

Wcas Management Corporation also advises several private funds. Namely, fifteen private equity funds.

Careers at Wcas Management Corporation

The company employs 80 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. No 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.

Patrick Joseph Welsh has been acting as President since 1 Jun 2011. Dennis Scott Mackesy joined the executive team most recently as the Managing Partner.

Direct owners and executive officers

Based in New York

The principal office where Wcas Management Corporation performs its advisory services is located at 599 Lexington Avenue, Suite 1800, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-893-9500 or by fax 212-893-9575. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at welshcarson.com.

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