Wasmer, Schroeder & Company, LLC is a large advisory firm based in Naples. It manages $8.89 billion of regulatory assets for 4,608 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.
Wasmer, Schroeder & Company provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.
The assets under management (AUM) of Wasmer, Schroeder & Company, LLC is $8.89 billion. The firm's AUM has grown by 23809% since the beginning of its operation, and $445.16 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wasmer, Schroeder & Company, LLC for their services and products based on a percentage of assets under management and fixed fees. 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.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Justin Stewart Land is high net worth individuals with 1,882 clients and $4.66 billion of assets under management. Among the 8 most similar advisory firms, Wasmer, Schroeder & Company has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $8.89 billion for 4,608 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.
Wasmer, Schroeder & Company doesn't advise any private funds.
The company employs 67 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. 27 employees are registered as investment adviser representatives 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Justin Stewart Land has been acting as President since 1 Jun 2019. Robert William Stiess joined the executive team most recently as the Vice President Director Of Information Systems.
The principal office where Wasmer, Schroeder & Company, LLC performs its advisory services is located at 600 Fifth Avenue South, Naples, FL 34102, which is also the mailing address of the firm. An additional office of the firm is in Cleveland, OH. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 239-263-6877 or by fax 239-263-8146. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at wasmerschroeder.com/ and its LinkedIn profile.