Wells Trecaso Financial Group, LLC (Akron)

Name: Wells Trecaso Financial Group, LLC
Address: 3560 West Market Street, Akron, OH, 44333
Telephone: 330-752-1547

Wells Trecaso Financial Group, LLC is a large advisory firm based in Akron. It manages $294.19 million of regulatory assets for 959 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Florida, and 7 other states.

Wells Trecaso Financial 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 doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wells Trecaso Financial Group: assets under management

The assets under management (AUM) of Wells Trecaso Financial Group, LLC is $294.19 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -4% since the beginning of its operation, and $1.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $294.19 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $306.77 thousand each.

Wells Trecaso Financial Group has custody of $6.55 million in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is investment and business development companies, which make up 35% of the firm’s portfolio. Investments in government bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wells Trecaso Financial Group, LLC for their services and products based on a percentage of assets under management. 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 Wells Trecaso Financial Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Wells Trecaso Financial Group is high net worth individuals with 70 clients and $209.04 million of assets under management. Among the 8 most similar advisory firms, Wells Trecaso Financial Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $291.66 million for 253 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.

Wells Trecaso Financial Group doesn't advise any private funds.

Careers at Wells Trecaso Financial Group, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher C Walters	Member and chief compliance officer	1 Nov 2017	Other	3224520
Ralph Edward Trecaso	Member	1 Nov 2017	25% - 50%	1439067
Douglas Everett Wells	Member	1 Nov 2017	25% - 50%	1063410

Based in Akron

The principal office where Wells Trecaso Financial Group, LLC performs its advisory services is located at 3560 West Market Street, Akron, OH 44333, 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 330-752-1547 or by fax 330-752-1949. The normal business hours are 8:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at wellstrecaso.com.