Wedgewood Investors Inc (Erie)

Name: Wedgewood Investors Inc
Address: 100 State Street, Suite 506, Erie, PA, 16507 1466
Telephone: [814]456-3651

Wedgewood Investors Inc is a large advisory firm based in Erie. It manages $180.86 million of regulatory assets for 319 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Pennsylvania.

Wedgewood Investors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wedgewood Investors: assets under management

The assets under management (AUM) of Wedgewood Investors Inc is $180.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 28% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $180.86 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $566.97 thousand each.

Wedgewood Investors has custody of $917.67 thousand in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wedgewood Investors 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 Dennis Marin serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Dennis Marin is high net worth individuals with 180 clients and $98.73 million of assets under management. Among the 8 most similar advisory firms, Wedgewood Investors has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $180.86 million for 319 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.

Wedgewood Investors doesn't advise any private funds.

Careers at Wedgewood Investors Inc

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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.

Dennis Marin has been acting as President since 1 Nov 1986. Daniel Joseph Teed joined the executive team most recently as the President And Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dennis Marin	President	1 Nov 1986	75% - 100%	1539099
Dennis Raymond Marin	President	1 Nov 1986	75% - 100%	1539099
Daniel Joseph Teed	President and chief compliance officer	1 Nov 1986	75% - 100%	1539099
Michael William Bishop	Chief compliance officer	1 Oct 2004	Other	2136453
Joseph Vincent Rys	Manager	1 May 2006	Other	2314322
Daniel Joseph Teed	Investment manager	1 Apr 2008	Other	1936577
Daniel Joseph Teed	President and cco	1 Jan 2011	75% - 100%	1936577

Based in Erie

The principal office where Wedgewood Investors Inc performs its advisory services is located at 100 State Street, Suite 506, Erie, PA 16507 1466, 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 [814]456-3651 or by fax [814]459-9343. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at wedgewoodinvestors.com.