Wescliffe Asset Management Inc (Denville)

Wescliffe Asset Management Inc is a large advisory firm based in Denville. It manages $64.8 million of regulatory assets for 2,305 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 5 other states.

Wescliffe Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and market timing services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wescliffe Asset Management: assets under management

The assets under management (AUM) of Wescliffe Asset Management Inc is $64.8 million. The firm's AUM has gone down by -47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.5 million in discretionary accounts and $61.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $700 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $26.65 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wescliffe Asset Management Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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.

Careers at Wescliffe Asset Management Inc

John Keith Paoloni has been acting as President since 1 Oct 1990. Elliott Stephen Collins joined the executive team most recently as the Vice President/Director/Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Keith Paoloni	President/director/shareholder	1 Oct 1990	50% - 75%	1127270
Elliott Stephen Collins	Vice president/director/shareholder	1 Oct 1990	50% - 75%	1317745

Based in Denville

The principal office where Wescliffe Asset Management Inc performs its advisory services is located at 25 Bloomfield Avenue, Denville, NJ 07834, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.