Westco Advisory Services, Inc. is a large advisory firm based in Lynbrook. It manages $132.47 million of regulatory assets for 777 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut, Florida, and New York.
Westco Advisory Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Westco Advisory Services, Inc. is $132.47 million. The firm's AUM has grown by 314% 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 Westco Advisory Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of James Gerard Westmacott is individuals with 251 clients and $66.82 million of assets under management. Among the 7 most similar advisory firms, Westco Advisory Services has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $132.47 million for 288 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.
Westco Advisory Services doesn't advise any private funds.
The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.
James Gerard Westmacott has been acting as President since 1 May 1995. Barbara Diane Fulcher joined the executive team most recently as the Chief Compliance Officer.
The principal office where Westco Advisory Services, Inc. performs its advisory services is located at 77 Hempstead Ave, Lynbrook, NY 11563, 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 516-593-5070 or by fax 516-593-8152. The normal business hours are 9:00am-5:pm on Monday - Friday. You can find more information about the New York firm at westcofinancialgroup.com.