Wealth Management Resources, Inc. (N. Smithfield)

Name: Wealth Management Resources, Inc.
Address: 501 Great Road, N. Smithfield, RI, 02896
Telephone: 401-356-1400

Wealth Management Resources, Inc. is a large advisory firm based in N. Smithfield. It manages $141.07 million of regulatory assets for 978 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and 4 other states.

Wealth Management Resources provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wealth Management Resources: assets under management

The assets under management (AUM) of Wealth Management Resources, Inc. is $141.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 251% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $144.25 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 91% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealth Management Resources, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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 Alan Stephen Wardyga serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Alan Stephen Wardyga is individuals with 452 clients and $96.95 million of assets under management. Among the 9 most similar advisory firms, Wealth Management Resources has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $141.07 million for 500 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.

Wealth Management Resources doesn't advise any private funds.

Careers at Wealth Management Resources, Inc.

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Alan Stephen Wardyga has been acting as President since 1 Jan 1994. Kevin R Worthley joined the executive team most recently as the Executive Vice President And Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alan Stephen Wardyga	President	1 Jan 1994	50% - 75%	2169985
Arthur Clayton Everly	Executive vice president/chief compliance officer	1 Jan 1994	50% - 75%	708891
Kevin R Worthley	Executive vice president and secretary	1 Jan 2017	Other	4089865

Based in N. Smithfield

The principal office where Wealth Management Resources, Inc. performs its advisory services is located at 501 Great Road, N. Smithfield, RI 02896, 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 401-356-1400 or by fax 401-356-0688. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at wealthmanagers.com/.