Weather Gauge Advisory LLC (Williamsburg)


Weather Gauge Advisory LLC is a large advisory firm based in Williamsburg. It manages $130.05 million of regulatory assets for 342 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Arizona, California, and Virginia.

Weather Gauge Advisory provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Weather Gauge Advisory: assets under management

The assets under management (AUM) of Weather Gauge Advisory LLC is $130.05 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 72% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $130.05 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $380.27 thousand each.
Weather Gauge Advisory has custody of $3.37 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is investment and business development companies, which make up 5% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Weather Gauge Advisory LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Weather Gauge Advisory serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Weather Gauge Advisory is individuals with 110 clients and $76.44 million of assets under management. Among the 5 most similar advisory firms, Weather Gauge Advisory has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $129.91 million for 127 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.

Weather Gauge Advisory doesn't advise any private funds.

Careers at Weather Gauge Advisory LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person 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
Stephen Glenn Krochmal Manager & chief compliance officer 1 Feb 1996 75% - 100% 275684
Bonita Ann Krochmal Chief compliance officer 1 May 2005 Other 4966334

Based in Williamsburg

The principal office where Weather Gauge Advisory LLC performs its advisory services is located at 128 Richmond Hill Court, Williamsburg, VA 23185, 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 757-220-3313 or by fax 757-220-1330. The normal business hours are 9:00 am to 3:30 pm on Monday - Friday.