Warner Financial, Inc (Bethesda)


Warner Financial, Inc is a large advisory firm based in Bethesda. It manages $361.43 million of regulatory assets for 593 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, District of Columbia, Florida, and 4 other states.

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

Warner Financial: assets under management

The assets under management (AUM) of Warner Financial, Inc is $361.43 million. The firm's AUM has grown by 209% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $344.47 million in discretionary accounts and $16.95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $598.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $997.13 thousand.
Warner Financial has custody of $59.45 million in cash and securities for 55 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Warner Financial, Inc for their services and products based on a percentage of assets under management, hourly charges, 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 David Stephen Warner serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of David Stephen Warner is high net worth individuals with 106 clients and $282.25 million of assets under management. Among the 9 most similar advisory firms, Warner Financial has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $350.54 million for 241 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.

Warner Financial doesn't advise any private funds.

Careers at Warner Financial, Inc

The company employs 3 people that are either part- or full-time employees. 100 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.

David Stephen Warner has been acting as President since 1 Apr 2005. Christopher Michael Warner joined the executive team most recently as the Treasurer & Secretary.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Stephen Warner President/secretary 1 Apr 2005 50% - 75% 4433138
Barbara Anne Warner Vice president/treasurer 1 Apr 2005 50% - 75% 1129399
Barbara Anne Warner President & chief compliance officer 1 Feb 2008 75% - 100% 1129399
David Stephen Warner Vice president & secretary 1 Feb 2008 25% - 50% 4433138
Christopher Michael Warner Treasurer & secretary 1 Feb 2017 Other 5433126

Based in Bethesda

The principal office where Warner Financial, Inc performs its advisory services is located at 4550 Montgomery Ave, Bethesda, MD 20814, 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 301-961-9505 or by fax 301-469-3424. The normal business hours are 9-4 on Monday - Friday. You can find more information about the New York firm at warner-financial.com.