Webb Advisors Incorporated (Bloomington)

Name: Webb Advisors Incorporated
Address: 8120 Penn Avenue South, Bloomington, MN, 55431
Telephone: 952-837-3200

Webb Advisors Incorporated is a large advisory firm based in Bloomington. It manages $196.66 million of regulatory assets for 578 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Minnesota, and Wisconsin.

Webb Advisors Incorporated provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.

Webb Advisors Incorporated: assets under management

The assets under management (AUM) of Webb Advisors Incorporated is $196.66 million. The firm's AUM has grown by 54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $174.5 million in discretionary accounts and $22.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $340.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $340.95 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Webb Advisors Incorporated for their services and products based on a percentage of assets under management, hourly charges, 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 Jerome Terry Webb serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Jerome Terry Webb is individuals with 540 clients and $190.68 million of assets under management. Among the 8 most similar advisory firms, Webb Advisors Incorporated has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $196.66 million for 541 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.

Webb Advisors Incorporated doesn't advise any private funds.

Careers at Webb Advisors Incorporated

The company employs 7 people that are either part- or full-time employees. 57 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.

Jerome Terry Webb has been acting as President since 1 Jan 2005. Timothy Robert Greife joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Crystal Lynn Enderson	Chief compliance officer	1 Sep 2004	Other	4912955
Gary Scott Webb	Ceo	1 Jan 2005	50% - 75%	4912937
Michael George Bischoff	Coo	1 Jan 2005	50% - 75%	2038944
Jerome Terry Webb	Chairman	1 Jan 2005	Other	460750
Timothy Robert Greife	Cco	1 Jul 2016	Other	6128118

Based in Bloomington

The principal office where Webb Advisors Incorporated performs its advisory services is located at 8120 Penn Avenue South, Bloomington, MN 55431, 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 952-837-3200 or by fax 952-837-0011. The normal business hours are 8:00am - 05:00pm on Monday - Friday. You can find more information about the New York firm at webbfinancial.com.