Boenning & Scattergood, Inc. (West Conshohocken)

Boenning & Scattergood provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm also engages as investment bank.

Boenning & Scattergood: assets under management

The assets under management (AUM) of Boenning & Scattergood, Inc. is $685.71 million. The firm's AUM has grown by 1301% since the beginning of its operation, and $63.02 million of the total AUM is attributable to clients outside of the United States.

The firm manages $536.62 million in discretionary accounts and $149.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $821.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $546.12 thousand.

Boenning & Scattergood has custody of $624.43 million in cash and securities for 722 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 19% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Boenning & Scattergood, Inc. for their services and products based on a percentage of assets under management and fixed 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 Kathy Marie Wilhelm serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Kathy Marie Wilhelm is high net worth individuals with 213 clients and $509.87 million of assets under management. Among the 9 most similar advisory firms, Boenning & Scattergood has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $683.65 million for 687 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.

Boenning & Scattergood doesn't advise any private funds.

Careers at Boenning & Scattergood, Inc.

The company employs 67 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Kathy Marie Wilhelm has been acting as President since 1 Jan 1994. William Ragnar Gearhart joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in West Conshohocken

The principal office where Boenning & Scattergood, Inc. performs its advisory services is located at Four Tower Bridge, 200 Barr Harbor Drive, West Conshohocken, PA 19428, which is also the mailing address of the firm. An additional office of the firm is in Berwyn, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-883-1212 or by fax 610-832-1232. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at boenningandscattergood.com/.

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