Wright Private Asset Management LLC (Shelton)

Name: Wright Private Asset Management LLC
Address: 2 Corporate Drive, Shelton, CT, 06484
Telephone: 203-783-4400

Wright Private Asset Management LLC is a related adviser based in Shelton. It manages $49.62 million of regulatory assets for 99 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, and Florida.

Wright Private Asset Management 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.

Wright Private Asset Management: assets under management

The assets under management (AUM) of Wright Private Asset Management LLC is $49.62 million. The firm's AUM has gone down by -77% since the beginning of its operation, and $4.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $46.22 million in discretionary accounts and $3.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $496.99 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $566.98 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% 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 Wright Private Asset Management LLC for their services and products based on a percentage of assets under management 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 Wright Private Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wright Private Asset Management is high net worth individuals with 11 clients and $25.72 million of assets under management. Among the 2 most similar advisory firms, Wright Private Asset Management has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $35.46 million for 44 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Wright Private Asset Management doesn't advise any private funds.

Careers at Wright Private Asset Management LLC

The company employs 22 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Peter Morse Donovan	Executive chairman	1 Jan 1996	Other	1134808
Inc. Wright Investors' Service	Member	1 Jan 2006	75% - 100%	06-1444342
Judith Randall Corchard	Chief compliance officer	1 Jan 2006	Other	2678974
Peter Morse Donovan	Authorized representative	1 Jan 2006	Other	1134808
Eugene Joseph Helm	Authorized representative	1 Jan 2006	Other	2891633
Amit Sharadchandra Khandwala	Co-ceo, chief investment officer, cio-global equities	1 May 2006	Other	2794288
Gregory David Smith	Chief compliance officer	1 Sep 2011	Other	5980999
Mello Anthony Ewoud Vandaalen	Co-president, cio global fixed income, co-cio asset allocation	1 Feb 2012	Other	1456340
Peter Morse Donovan	Cco	1 Jan 2014	Other	1134808
Ira J Sobotko	Cco	1 Dec 2015	Other	6154509
Harvey P Eisen	Co-ceo	1 Dec 2015	Other	6155070
Amit Sharadchandra Khandwala	Chairman, ceo and cio	1 Aug 2018	75% - 100%	2794288
Mello Anthony Ewoud Vandaalen	President and cio of global fixed income	1 Aug 2018	Other	1456340
Michael Fleming	Cco	1 Aug 2018	Other	6890332

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
The Winthrop Corporation	Shareholder	1 Jan 1996	75% - 100%	06-0700978
School For Ethical Education	Shareholder	1 Jun 1998	25% - 50%	06-1411577
Peter Morse Donovan	Shareholder	1 Dec 2004	25% - 50%	1134808
Inc. Wright Investors' Service Holdings	Shareholder	1 Dec 2012	75% - 100%	13-4005439
Inc. Khandwala Capital Management	Shareholder	1 Jul 2018	75% - 100%	83-1563523
Amit Sharadchandra Khandwala	Shareholder	1 Jul 2018	75% - 100%	2794288

Based in Shelton

The principal office where Wright Private Asset Management LLC performs its advisory services is located at 2 Corporate Drive, Shelton, CT 06484, which is also the mailing address of the firm. An additional office of the firm is in Torrington, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-783-4400 or by fax 203-783-4401. The normal business hours are 8:30am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at wrightinvestorsservice.com.