Wms Partners, LLC is a large advisory firm based in Towson. It manages $3.68 billion of regulatory assets for 619 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Connecticut, Delaware, and 13 other states.
Wms Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wms Partners, LLC is $3.68 billion. The firm's AUM has grown by 1554% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Wms Partners, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, 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 Wms Partners is high net worth individuals with 470 clients and $3.37 billion of assets under management. Among the 7 most similar advisory firms, Wms Partners has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $3.68 billion for 619 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.
Wms Partners also advises several private funds. Namely, one real estate fund, seventeen other private funds, and two private equity funds. The minimum investment commitment required of non-related persons ranges from $46 to $250,000.
The company employs 51 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. 22 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 receive compensation from other entities for client referrals.
Paul A Speargas has served as the Chief Investment Officer since 1 Jan 2018. Chad Joseph Norfolk joined the executive team most recently as the Chief Advisory Officer.
The principal office where Wms Partners, LLC performs its advisory services is located at Towson City Center, Towson, MD 21204, which is also the mailing address of the firm. An additional office of the firm is in Columbia, MD. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 410-337-7575 or by fax 410-337-7641. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at wmsfamilyoffice.com.