Westview Investment Advisors, LLC (Burlington)

Name: Westview Investment Advisors, LLC
Address: 95 College St, Burlington, VT, 05401
Telephone: 802-489-5342

Westview Investment Advisors, LLC is a large advisory firm based in Burlington. It manages $174.5 million of regulatory assets for 485 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Massachusetts, New Hampshire, and 4 other states.

Westview Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Westview Investment Advisors: assets under management

The assets under management (AUM) of Westview Investment Advisors, LLC is $174.5 million. The firm's AUM has grown by 56% since the beginning of its operation, and $201.92 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $165.84 million in discretionary accounts and $8.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $370.18 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $234.14 thousand.

Westview Investment Advisors has custody of $6.99 million in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Westview Investment Advisors, 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 Westview Investment Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Westview Investment Advisors is high net worth individuals with 52 clients and $130.79 million of assets under management. Among the 11 most similar advisory firms, Westview Investment Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $169.08 million for 167 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Westview Investment Advisors doesn't advise any private funds.

Careers at Westview Investment Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 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
Roy Wright Sokolowski	Ceo, chief compliance officer	1 Nov 1997	50% - 75%	1616548
Patricia Nebel Sokolowski	Cfp, chief operating officer	1 Dec 2011	Other	5338173
Benjamin Edward Nostrand	Chief investment officer, cfp	1 Jan 2013	Other	5583839
Roy Wright Sokolowski	Member and president	1 Jul 2017	Other	1616548
Patricia Nebel Sokolowski	Member and vice president	1 Jul 2017	Other	5338173
Benjamin Edward Nostrand	Managing member, ceo and cco	1 Jul 2017	50% - 75%	5583839

Based in Burlington

The principal office where Westview Investment Advisors, LLC performs its advisory services is located at 95 College St, Burlington, VT 05401, which is also the mailing address of the firm. An additional office of the firm is in Hilton Head Island, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 802-489-5342 or by fax 802-489-5344. The normal business hours are 9:00 am - 4:00 pm on Monday - Friday. You can find more information about the New York firm at westviewinvest.com.