Ws Securities Inc (Lenox)

Ws Securities Inc is a related adviser based in Lenox. It manages $61.65 million of regulatory assets for 223 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, Massachusetts, New Jersey, and New York.

Ws Securities provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ws Securities: assets under management

The assets under management (AUM) of Ws Securities Inc is $61.65 million. The firm's AUM has grown by 36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $54.84 million in discretionary accounts and $6.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $249.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.27 million.

Ws Securities has custody of $482.64 thousand in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ws Securities Inc 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.

Careers at Ws Securities Inc

Barry Martin Wesson has been acting as President since 1 Dec 2004. Richard Anthony Seeley joined the executive team most recently as the Executive Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Harvey Siegel	Chairman, ceo & chief compliance officer	1 Nov 1987	50% - 75%	1072771
Barry Martin Wesson	President-coo	1 Nov 1987	25% - 50%	1780580
Edward Stuart Richter	Executive vp	1 Dec 2001	Other	4517676
Barry Martin Wesson	President	1 Dec 2004	25% - 50%	1780580
Richard Anthony Seeley	Executive vice president	1 Dec 2009	Other	4643930

Based in Lenox

The principal office where Ws Securities Inc performs its advisory services is located at 5 Walker Street, Lenox, MA 01240, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.