Wny Asset Management, LLC is a large advisory firm based in Williamsville. It manages $673.67 million of regulatory assets for 2,625 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 8 other states.
Wny Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for approximately 2,500 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wny Asset Management, LLC is $673.67 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2306% 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 Wny Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. 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, and corporations or other businesses. The largest group of clients of Wny Asset Management is individuals with 2,402 clients and $479.92 million of assets under management. Among the 9 most similar advisory firms, Wny Asset Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $673.67 million for 2,525 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.
Wny Asset Management doesn't advise any private funds.
The company employs 19 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.
There are 51 people 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.
The principal office where Wny Asset Management, LLC performs its advisory services is located at 6500 Sheridan Drive, Suite 200, Williamsville, NY 14221, which is also the mailing address of the firm. An additional office of the firm is in Amherst, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 716-626-0060 or by fax 716-635-0958. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at cpafinancialnetwork.com.