Wealthcare Advisory Partners LLC is a large advisory firm based in West Chester. It manages $1.08 billion of regulatory assets for 4,825 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Arizona, California, and 31 other states.
Wealthcare Advisory Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wealthcare Advisory Partners LLC is $1.08 billion. The firm's AUM has grown by 6234% since the beginning of its operation, and $392.28 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wealthcare Advisory Partners 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.
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 Michael Ashker is individuals with 2,533 clients and $543.22 million of assets under management. Among the 7 most similar advisory firms, Wealthcare Advisory Partners has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.08 billion for 2,795 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Wealthcare Advisory Partners doesn't advise any private funds.
The company employs 106 people that are either part- or full-time employees. 66 percent of the employees work as investment advisers or researchers. 70 employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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 receive compensation from other entities for client referrals.
Michael Ashker has been acting as President since 1 Jun 2014. Matthew Thomas Regan joined the executive team most recently as the President.
The principal office where Wealthcare Advisory Partners LLC performs its advisory services is located at 1065 Andrew Drive, West Chester, PA 19380, which is also the mailing address of the firm. An additional office of the firm is in Haymarket, VA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 804.644.4711 or by fax 804.433.1188. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at owenbyjones.com and its LinkedIn profile.