The Westchester Group, LLC (Ottawa Hills)

The Westchester Group, LLC is a large advisory firm based in Ottawa Hills. It manages $146.4 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Ohio.

The Westchester Group provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

The Westchester Group: assets under management

The assets under management (AUM) of The Westchester Group, LLC is $146.4 million. The firm's AUM has grown by 14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $125.71 million in discretionary accounts and $20.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.98 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $10.34 million.

Investments

The firm invests in other assets the most. They account for 37% of the total AUM. The second-largest asset type is government bonds, which make up 31% of the firm’s portfolio. Investments in state and local bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Westchester Group, LLC for their services and products based on a percentage of assets under management. 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 The Westchester Group serves?

The only and largest group of clients of The Westchester Group is corporations or other businesses with 14 clients and $140.52 million of assets under management. Among the 11 most similar advisory firms, The Westchester Group has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $140.52 million for 14 clients. None of the firm’s clients are foreign persons or businesses.

The Westchester Group doesn't advise any private funds.

Careers at The Westchester Group, LLC

The company employs 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Joseph Kielczewski	President and director of sales and trading	1 Jun 2017	Other	4034356
Jennifer Jo Kielczewski	Chief compliance officer	1 Jul 2017	75% - 100%	5037135

Based in Ottawa Hills

The principal office where The Westchester Group, LLC performs its advisory services is located at 2738 Westchester Road, Ottawa Hills, OH 43615, 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 419 290 0167. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.