Westminster Consulting, LLC (Rochester)

Name: Westminster Consulting, LLC
Address: 11 Centre Park Suite 303, Rochester, NY, 14614 1115
Telephone: 585-246-3750

Westminster Consulting, LLC is a large advisory firm based in Rochester. It manages $4.56 billion of regulatory assets for 170 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Westminster Consulting provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Westminster Consulting: assets under management

The assets under management (AUM) of Westminster Consulting, LLC is $4.56 billion. The firm's AUM has grown by 2958% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $132.76 million in discretionary accounts and $4.42 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.11 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $88.49 million.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Westminster Consulting, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Westminster Consulting serves?

The firm provides services to individuals, charitable organizations, and pension and profit sharing plans. The largest group of clients of Westminster Consulting is pension and profit sharing plans with 50 clients and $4 billion of assets under management. Among the 8 most similar advisory firms, Westminster Consulting has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $4.56 billion for 167 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.

Westminster Consulting doesn't advise any private funds.

Careers at Westminster Consulting, LLC

The company employs 10 people that are either part- or full-time employees. 40 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Fred Zamiara	Managing member, chief compliance officer	1 Jan 2012	50% - 75%	1496105
Sean David Patton	Managing member	1 Jan 2012	50% - 75%	1845257

Based in Rochester

The principal office where Westminster Consulting, LLC performs its advisory services is located at 11 Centre Park Suite 303, Rochester, NY 14614 1115, 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 585-246-3750 or by fax 585-246-2759. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at westminster-consulting.com.