Westminster Financial Advisory Corp (Dayton)

Name: Westminster Financial Advisory Corp
Address: 40 North Main Street, Dayton, OH, 45423
Telephone: 937-898-5010

Westminster Financial Advisory Corp is a large advisory firm based in Dayton. It manages $371.14 million of regulatory assets for 1,107 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 42 other states.

Westminster Financial Advisory Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Westminster Financial Advisory Corp: assets under management

The assets under management (AUM) of Westminster Financial Advisory Corp is $371.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 327% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $371.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $335.27 thousand each.

Westminster Financial Advisory Corp has custody of $4.4 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 54% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Westminster Financial Advisory Corp for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Westminster Financial Advisory Corp serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Westminster Financial Advisory Corp is high net worth individuals with 84 clients and $238.76 million of assets under management. Among the 8 most similar advisory firms, Westminster Financial Advisory Corp has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $371.14 million for 569 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.

Westminster Financial Advisory Corp doesn't advise any private funds.

Careers at Westminster Financial Advisory Corp

The company employs 35 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 30 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Westminster Financial Companies	Holding company	1 Jan 1998	75% - 100%	31-1340390
Stuart Charles Brazie	Executive officer	1 Nov 1999	Other	2214285
Brian Louis Van Jura	Executive officer	1 Mar 2001	Other	4285153
Lawrence Miles Brazie	Ceo	1 Nov 2001	Other	857097
Christopher John Broderick	Coo	1 Nov 2001	Other	2592177
Erik Robert Lorin	Chief compliance officer	1 Nov 2005	Other	2605650
Patrick Daniel Roth	Chief compliance officer	1 Dec 2007	Other	2642697
Lawrence Edward Shull	Chief compliance officer	1 Aug 2010	Other	1711220
Jessica Marie Trunck	Chief compliance officer	1 Aug 2014	Other	4561886

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lawrence Miles Brazie	Shareholder/ceo	1 Jan 1998	75% - 100%	857097
Lawrence Duane Brazie	Shareholder	1 Jan 1998	25% - 50%	29440

Based in Dayton

The principal office where Westminster Financial Advisory Corp performs its advisory services is located at 40 North Main Street, Dayton, OH 45423, which is also the mailing address of the firm. An additional office of the firm is in Elkins, WV. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 937-898-5010 or by fax 937-898-0119. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at westminsterfinanical.com.