Wescott Financial Advisory Group LLC is a large advisory firm based in Philadelphia. It manages $2 billion of regulatory assets for 1,937 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Delaware, Florida, and 4 other states.
Wescott Financial Advisory Group 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.
The assets under management (AUM) of Wescott Financial Advisory Group LLC is $2 billion. The firm's AUM has grown by 158% 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 Wescott Financial Advisory Group LLC for their services and products based on a percentage of assets under management and hourly charges. 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Wescott Financial Advisory Group is high net worth individuals with 338 clients and $1.26 billion of assets under management. Among the 6 most similar advisory firms, Wescott Financial Advisory Group has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2 billion for 487 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.
Wescott Financial Advisory Group also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $22,250 for each fund.
The company employs 30 people that are either part- or full-time employees. 50 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 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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 Wescott Financial Advisory Group LLC performs its advisory services is located at 30 South 17 Th Street, Philadelphia, PA 19103 4196, which is also the mailing address of the firm. An additional office of the firm is in Fort Washington, PA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 215-979-1600 or by fax 215-979-1617. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at wescott.com.