Websterrogers Financial Advisors, LLC (Florence)


Websterrogers Financial Advisors, LLC is a large advisory firm based in Florence. It manages $208.11 million of regulatory assets for 501 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of South Carolina and Texas.

Websterrogers Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, 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.

Websterrogers Financial Advisors: assets under management

The assets under management (AUM) of Websterrogers Financial Advisors, LLC is $208.11 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 150% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $208.11 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $415.39 thousand each.
Websterrogers Financial Advisors has custody of $66.53 million in cash and securities for 145 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is government bonds, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Websterrogers Financial Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Websterrogers Financial Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Websterrogers Financial Advisors is high net worth individuals with 42 clients and $132 million of assets under management. Among the 12 most similar advisory firms, Websterrogers Financial Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $208.11 million for 246 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.

Websterrogers Financial Advisors doesn't advise any private funds.

Careers at Websterrogers Financial Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 6 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
Frank Mandeville Rogers Member, director 1 Jan 1999 Other 4585568
Herbert Mcroy Skipper Member, director 1 Jan 1999 Other 4585570
Wesley Allen Way Member 1 Jan 1999 Other 4936451
Anthony Chester Wrobel Member 1 Jan 1999 Other 5300441
James Elwyn Rozier Member 1 Jan 1999 Other 5300446
James Roy King Member 1 Jan 1999 Other 5095047
Robert Luther Benson Member 1 Jan 1999 Other 5095054
William Michael Grady Member 1 Jan 1999 Other 4585561
Victor Carroll Webster Member 1 Jan 1999 Other 4585572
Wesley Allen Way Member 1 Apr 1999 Other 4936451
Debra Ann Turner Member 1 Jan 2000 Other 5053222
Stephen Myers Holladay Member 1 Jan 2000 Other 5300443
Jr Bobby Ryon Creech Member, director 1 Jan 2000 Other 5300439
William Michael Grady Member 1 Mar 2000 Other 4585561
Frank Mandeville Rogers Iv Managing member 1 Mar 2000 Other 4585568
Herbert Mcroy Skipper Member 1 Mar 2000 Other 4585570
Victor Carroll Webster Member 1 Mar 2000 Other 4585572
Thomas Edward Fitzsimmons Member 1 Jan 2001 Other 5300431
Linda Pierce Russell Director, chief compliance officer 1 Jan 2004 Other 2205379
John Joseph Leahey Member, director 1 Jan 2004 Other 5053215
Ellen Kyle Helm Adkins Member 1 Jan 2009 Other 5720287
Laura Millard Durant Member 1 Jan 2010 Other 5764996
Charles Laney Talbert Member 1 Jul 2013 Other 4454539
Carolyn L Beverly Member 1 Jan 2014 Other 6304427
Amy Fisher Urquhart Managing member, director 1 Jan 2014 Other 5301223
Amy Marie Fisher Managing member, director 1 Jan 2014 Other 5301223
Nathan Christopher Love Chief compliance officer 1 Jan 2014 Other 2945881
Robert Marion Tilton Member 1 Jan 2015 Other 6439915
Alex Rasmussen Chief compliance officer 1 Mar 2017 Other 5711595
Dana Mccutcheon Jones Chief compliance officer 1 Aug 2017 Other 5842577

Based in Florence

The principal office where Websterrogers Financial Advisors, LLC performs its advisory services is located at 1411 Second Loop Road, Florence, SC 29505 2801 The mailing address of the firm is P.O. Box 6707, Florence, SC 29502 6707. An additional office of the firm is in Charleston, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 843-665-6321 or by fax 843-656-1101. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at thebamalliance.com.