Wps Advisors Limited (Bermuda) (New York)

Name: Wps Advisors Limited (Bermuda)
Address: 509 Madison Ave., New York, NY, 10022
Telephone: 212-759-7551

Wps Advisors Limited (Bermuda) is a mid-sized advisory firm based in New York. It manages $59.79 million of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.

Wps Advisors Limited (Bermuda) provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wps Advisors Limited (Bermuda): assets under management

The assets under management (AUM) of Wps Advisors Limited (Bermuda) is $59.79 million. The firm's AUM has grown by 25% since the beginning of its operation, and $19.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $43.33 million in discretionary accounts and $16.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.01 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.23 million.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wps Advisors Limited (Bermuda) for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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.

What kind of clients Wps Advisors Limited (Bermuda) serves?

The firm provides services to individuals, other investment advisers, high net worth individuals, banking or thrift institutions, and corporations or other businesses. The largest group of clients of Wps Advisors Limited (Bermuda) is corporations or other businesses with 4 clients and $20.8 million of assets under management. Among the 2 most similar advisory firms, Wps Advisors Limited (Bermuda) has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $59.79 million for 45 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 25% of the firm’s clients are foreign persons or businesses.

Wps Advisors Limited (Bermuda) doesn't advise any private funds.

Careers at Wps Advisors Limited (Bermuda)

The company employs 9 people that are either part- or full-time employees. 78 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.

Thomas Mark Valenzuela has served as the Chief Investment Officer since 1 Feb 2016. Greg Scott Stewart joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Robert Stewart	Chief operating officer	1 Nov 2013	Other	1189839
William Peirce Stewart	Chairman and chief compliance officer	1 Nov 2013	75% - 100%	436479
Miguel Patrick Maquet Diafouka	Ceo	1 Mar 2014	Other	2517222
Andrew Michael Marsh	Vice chairman	1 Mar 2014	Other	6602890
Eugene A Durenard	Chief investment officer	1 Mar 2014	Other	2681014
Thomas Mark Valenzuela	Chief investment officer	1 Feb 2016	Other	1057503
Greg Scott Stewart	Chief compliance officer	1 Jan 2017	Other	6850421

Based in New York

The principal office where Wps Advisors Limited (Bermuda) performs its advisory services is located at 509 Madison Ave., New York, NY 10022, 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 212-759-7551 or by fax 212-759-7554. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at wpsadvisors.bm.