Wpg Advisers, LLC (Baltimore)

Name: Wpg Advisers, LLC
Address: 3600 O'donnell Street, Baltimore, MD, 21224
Telephone: 410-522-2030

Wpg Advisers, LLC is a large advisory firm based in Baltimore. It manages $110 million of regulatory assets for 305 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Georgia, and Maryland.

Wpg Advisers provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wpg Advisers: assets under management

The assets under management (AUM) of Wpg Advisers, LLC is $110 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $110 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $360.66 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in investment grade corporate bonds form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wpg Advisers, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wpg Advisers serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wpg Advisers is individuals with 290 clients and $82.7 million of assets under management. Among the 9 most similar advisory firms, Wpg Advisers has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $110 million for 305 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.

Wpg Advisers doesn't advise any private funds.

Careers at Wpg Advisers, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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 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
Linda Moscato Gesser	Managing member / chief compliance officer	1 Dec 2017	75% - 100%	6892289
Steven Joseph Gessner	Member	1 Sep 2018	50% - 75%	2650114
Mary Carol Ceselsky	Chief compliance officer	1 Sep 2018	Other	4480192
Todd Foster Paradise	Managing member	1 Sep 2018	50% - 75%	4248813

Based in Baltimore

The principal office where Wpg Advisers, LLC performs its advisory services is located at 3600 O'donnell Street, Baltimore, MD 21224, 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 410-522-2030 or by fax 410-522-2031. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at wpgfinancial.com and its LinkedIn profile.