Cresap, Inc. (Radnor)

Name: Cresap, Inc.
Address: 259 N. Radnor Chester Rd., Radnor, PA, 19087
Telephone: 610-341-1320

Cresap, Inc. is a large advisory firm based in Radnor. It manages $218.93 million of regulatory assets for 491 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Pennsylvania.

Cresap provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cresap: assets under management

The assets under management (AUM) of Cresap, Inc. is $218.93 million. The firm's AUM has grown by 82% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $12.59 million in discretionary accounts and $206.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $503.71 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $442.77 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Cresap, Inc. for their services and products based on a percentage of assets under management. 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.

What kind of clients Mark Winfield Iii Cresap serves?

The only and largest group of clients of Mark Winfield Iii Cresap is individuals with 491 clients and $218.93 million of assets under management. Among the 11 most similar advisory firms, Cresap has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $218.93 million for 491 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.

Cresap doesn't advise any private funds.

Careers at Cresap, Inc.

The company employs 21 people that are either part- or full-time employees. 19 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
Mark Winfield Iii Cresap	President/chief compliance officer	1 Dec 1989	75% - 100%	828898

Based in Radnor

The principal office where Cresap, Inc. performs its advisory services is located at 259 N. Radnor Chester Rd., Radnor, PA 19087, which is also the mailing address of the firm. An additional office of the firm is in Bryn Mawr, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-341-1320 or by fax 610-341-1339. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at cresap.com.