Wilmington Capital Securities, LLC (Garden City)

Name: Wilmington Capital Securities, LLC
Address: 600 Old Country Road, Garden City, NY, 11530
Telephone: 516-750-6200

Wilmington Capital Securities, LLC is a large advisory firm based in Garden City. It manages $196.61 million of regulatory assets for 217 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, New Jersey, and New York.

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

Wilmington Capital Securities: assets under management

The assets under management (AUM) of Wilmington Capital Securities, LLC is $196.61 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 373% since the beginning of its operation, and $2.89 million of the total AUM is attributable to clients outside of the United States.

The firm manages $196.61 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $906.06 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wilmington Capital Securities, LLC for their services and products based on a percentage of assets under management 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.

What kind of clients Wilmington Capital Securities serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Wilmington Capital Securities is high net worth individuals with 13 clients and $154.59 million of assets under management. Among the 8 most similar advisory firms, Wilmington Capital Securities has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $196.61 million for 217 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Wilmington Capital Securities doesn't advise any private funds.

Careers at Wilmington Capital Securities, LLC

The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 7 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
Ronald Brett Dorushkin	Ceo of broker dealer, general principal, elected manager, cco of wcs investment advisor	1 Oct 2007	Other	2245185
John Mikes	President of broker dealer, general securities principal, elected manager,osj supervisor	1 Oct 2007	Other	2458544
Inc. Wilmington Capital Group	Parent company	1 Oct 2007	75% - 100%	06-1803010
Joseph Donald Columbo	Chairman of broker dealer, general principal, government securities principal, msrb principal, elected manager	1 May 2008	Other	823524
Robert Joseph Sr Calamunci	Finop and rop	1 Jul 2008	Other	1618899
Lyn Adele Davis	Branch office manager, general securities principal	1 Jun 2009	Other	4666001
Michael John Maguire	Chief compliance and aml compliance officer of broker dealer	1 Jan 2014	Other	1566694
Dennis Peter Lee	Chief compliance and aml compliance officer of broker dealer	1 Jan 2018	Other	6008539
Randy Marc Stouber	Finop, principal financial officer & principal operations officer	1 Jun 2019	Other	1104531

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Donald Columbo	Chairman of broker dealer, managing member	1 Oct 2007	25% - 50%	823524

Based in Garden City

The principal office where Wilmington Capital Securities, LLC performs its advisory services is located at 600 Old Country Road, Garden City, NY 11530, 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 516-750-6200 or by fax 516-750-6245. The normal business hours are 9:00am-4:30pm on Monday - Friday. You can find more information about the New York firm at wilmingtoncap.com.