Westover Capital Advisors, LLC (Wilmington)

Name: Westover Capital Advisors, LLC
Address: 1013 Centre Rd,, Wilmington, DE, 19805
Telephone: 302-427-9600

Westover Capital Advisors, LLC is a large advisory firm based in Wilmington. It manages $228.86 million of regulatory assets for 531 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Connecticut, Delaware, Maryland, and 3 other states.

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

Westover Capital Advisors: assets under management

The assets under management (AUM) of Westover Capital Advisors, LLC is $228.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 502% since the beginning of its operation, and $882.76 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $228.86 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $431 thousand each.

Westover Capital Advisors has custody of $209.84 million in cash and securities for 104 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 74% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Westover Capital Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Westover Capital Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Westover Capital Advisors is high net worth individuals with 87 clients and $155.95 million of assets under management. Among the 9 most similar advisory firms, Westover Capital Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $228.86 million for 178 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Westover Capital Advisors doesn't advise any private funds.

Careers at Westover Capital Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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
Jr. H. Murray Sawyer	President & chief investment officer	1 Jan 2000	75% - 100%	4650269
Jr. Harold Murray Sawyer	President & chief executive officer	1 Jan 2000	75% - 100%	4650269
H. Murray Sawyer	President, cio & cco	1 Jan 2000	75% - 100%	4650269
Iii Harold M Sawyer	Vice president & chief compliance officer	1 Jul 2008	Other	5562480
Harold Murray Sawyer	Vice president & chief investment officer	1 Jul 2008	50% - 75%	5562480
Harold M Sawyer	Vice president	1 Jul 2008	50% - 75%	5562480
Catherine Marie Crepack	Chief compliance officer	1 Jan 2018	Other	6949952

Based in Wilmington

The principal office where Westover Capital Advisors, LLC performs its advisory services is located at 1013 Centre Rd,, Wilmington, DE 19805, 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 302-427-9600 or by fax 302-427-8900. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at westovercapital.com.