Esb Wealth Management, LLC (Mansfield)

Name: Esb Wealth Management, LLC
Address: 111 Park Avenue East, Mansfield, OH, 44902
Telephone: 419-525-3961

Esb Wealth Management, LLC is a large advisory firm based in Mansfield. It manages $117.75 million of regulatory assets for 105 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Ohio and Washington.

Esb Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Esb Wealth Management: assets under management

The assets under management (AUM) of Esb Wealth Management, LLC is $117.75 million. The firm's AUM has gone down by -11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $112.75 million in discretionary accounts and $5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.33 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $250 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 20% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Esb Wealth Management, 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 Esb Wealth Management serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Esb Wealth Management is pension and profit sharing plans with 85 clients and $112.75 million of assets under management. Among the 9 most similar advisory firms, Esb Wealth Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $117.75 million for 110 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.

Esb Wealth Management doesn't advise any private funds.

Careers at Esb Wealth Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 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
Inc. Neo Venture Capital	Owner	1 Jan 2011	75% - 100%	27-5022342
Preston James Boyd	Managing member/chief compliance officer	1 Jan 2011	Other	5370644
Kyle Edwin Beveridge	Chief compliance officer	1 Sep 2013	Other	1140847
Preston James Boyd	Managing member / chief compliance officer	1 Jan 2016	Other	5370644

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Adam Michael Beveridge	President	1 Jul 2011	75% - 100%	4897111
Adam Beveridge	Owner/president	1 Jul 2011	50% - 75%	4897111
Aaron Kyle Beveridge	President	1 Jul 2011	25% - 50%	5589503
Kyle Edwin Beveridge	Shareholder	1 Jul 2011	Other	1140847
Preston James Boyd	Owner	1 Dec 2015	25% - 50%	5370644
Jeremy Michael Jacquin	Owner	1 Dec 2015	25% - 50%	5838929
Preston Boyd	Owner	1 Dec 2015	50% - 75%	5370644

Based in Mansfield

The principal office where Esb Wealth Management, LLC performs its advisory services is located at 111 Park Avenue East, Mansfield, OH 44902, which is also the mailing address of the firm. An additional office of the firm is in Federal Way, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 419-525-3961 or by fax 419-525-0098. 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 esbwealth.com/.