Wbi Investments Inc. (Red Bank)

Name: Wbi Investments Inc.
Address: One River Centre 331 Newman Springs Road, Red Bank, NJ, 07701
Telephone: 732-842-4920

Wbi Investments Inc. is a large advisory firm based in Red Bank. It manages $1.27 billion of regulatory assets for 4,228 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Wbi Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, market timing 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.

Wbi Investments: assets under management

The assets under management (AUM) of Wbi Investments Inc. is $1.27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 392% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $300.73 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 55% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 45% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wbi Investments 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.

What kind of clients Matthew Earl Schreiber serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Matthew Earl Schreiber is individuals with 4,089 clients and $782.91 million of assets under management. Among the 8 most similar advisory firms, Wbi Investments has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.27 billion for 4,228 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.

Wbi Investments doesn't advise any private funds.

Careers at Wbi Investments Inc.

The company employs 42 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 21 employees are registered as investment adviser representatives with the state securities authorities.

There are 22 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Matthew Earl Schreiber has been acting as President since 1 May 2013. Alyson Renee Kest joined the executive team most recently as the Chief Compliance Officer & Counsel.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald Robert Schreiber	Ceo, treasurer	1 Sep 1984	50% - 75%	1076885
Robert Confessore	Vice president	1 Feb 2001	Other	1156068
Gary Edward Stroik	Vice president & chief investment officer	1 Feb 2001	Other	2030206
Matthew Earl Schreiber	Vice president of business development	1 Dec 2010	Other	5614890
Tracey Michael Crespo	Chief operating officers	1 Jul 2011	Other	6046308
Ann Holly Schreiber	Secretary	1 Jan 2012	Other	5984545
Eric Richard Hedenburg	Chief technology officer	1 Feb 2012	Other	4103029
Matthew Earl Schreiber	President	1 May 2013	Other	5614890
Cynthia Rose Bonna	Chief compliance officer	1 Jul 2013	Other	5897597
Cynthia Rose Stroik	Chief compliance officer	1 Jul 2013	Other	5897597
Kerri E Cain	Chief financial officer	1 Dec 2013	Other	2920203
Catherine E Marshall	General counsel	1 Jun 2015	Other	6508143
Paul Joseph Lagermasini	Chief financial officer	1 Oct 2015	Other	4304333
Matthew James Bromberg	General counsel	1 Feb 2016	Other	2918130
Steven A Van Solkema	Vice president & chief investment officer	1 Mar 2019	Other	3144017
Alyson Renee Kest	Chief compliance officer & counsel	1 Aug 2019	Other	3093693

Based in Red Bank

The principal office where Wbi Investments Inc. performs its advisory services is located at One River Centre 331 Newman Springs Road, Red Bank, NJ 07701, 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 732-842-4920 or by fax 732-842-8049. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at wbiinvestments.com.