Woodside Wealth Management LLC (Framingham)

Name: Woodside Wealth Management LLC
Address: 550 Cochituate Road, Framingham, MA, 01701
Telephone: 508-655-0210

Woodside Wealth Management LLC is a large advisory firm based in Framingham. It manages $121.82 million of regulatory assets for 319 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Connecticut, Maine, Massachusetts, and 3 other states.

Woodside Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Woodside Wealth Management: assets under management

The assets under management (AUM) of Woodside Wealth Management LLC is $121.82 million. The firm's AUM has grown by 21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $121.71 million in discretionary accounts and $113.1 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $385.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $37.7 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Woodside Wealth Management LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Woodside Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Woodside Wealth Management is high net worth individuals with 63 clients and $112.34 million of assets under management. Among the 9 most similar advisory firms, Woodside Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $121.82 million for 92 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.

Woodside Wealth Management doesn't advise any private funds.

Careers at Woodside Wealth Management LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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
Cheryl Ann Costa	Member/chief compliance officer	1 Dec 2014	75% - 100%	5030307

Based in Framingham

The principal office where Woodside Wealth Management LLC performs its advisory services is located at 550 Cochituate Road, Framingham, MA 01701, 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 508-655-0210 or by fax 508-302-6113. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at woodsidewealth.com.