Weik Capital Management, Inc (Wyomissing)

Name: Weik Capital Management, Inc
Address: 1075 Berkshire Blvd, Wyomissing, PA, 19610 1227
Telephone: 610-376-2240

Weik Capital Management, Inc is a large advisory firm based in Wyomissing. It manages $254.93 million of regulatory assets for 209 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida and Pennsylvania.

Weik Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Weik Capital Management: assets under management

The assets under management (AUM) of Weik Capital Management, Inc is $254.93 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 $241.08 million in discretionary accounts and $13.85 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.85 million.

Weik Capital Management has custody of $31.45 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is investment and business development companies, which make up 9% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Weik Capital Management is high net worth individuals with 113 clients and $158.63 million of assets under management. Among the 4 most similar advisory firms, Weik Capital Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $243.41 million for 207 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.

Weik Capital Management also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $200,000.

Careers at Weik Capital Management, Inc

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 6 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 compensates 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
Thomas Wilbur Weik	President, chief investment officer, sole director	1 Jul 1987	75% - 100%	461570
Dean Bradley Messinger	Secretary, treasurer	1 Jan 2002	Other	4516707
Sarah Catherine Skillman	Chief compliance officer	1 May 2014	Other	5233520
Sarah Catherine Sculley	Chief compliance officer	1 May 2014	Other	5233520
Warren Wilbur Weik	Vice president portfolio management	1 Jan 2018	Other	6116966
Kenneth Wesley Weik	Secretary, treasurer	1 Aug 2019	Other	6861900

Based in Wyomissing

The principal office where Weik Capital Management, Inc performs its advisory services is located at 1075 Berkshire Blvd, Wyomissing, PA 19610 1227, 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 610-376-2240 or by fax 610-376-8256. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at weikinvest.com.