Wespac Advisors, LLC (Oakland)

Name: Wespac Advisors, LLC
Address: 519 17 Th Street, Oakland, CA, 94612
Telephone: 510-287-5255

Wespac Advisors, LLC is a large advisory firm based in Oakland. It manages $908.3 million of regulatory assets for 643 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Louisiana, and 5 other states.

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

Wespac Advisors: assets under management

The assets under management (AUM) of Wespac Advisors, LLC is $908.3 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 149% since the beginning of its operation, and $591.07 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $908.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.41 million each.

Wespac Advisors has custody of $818.63 million in cash and securities for 1,152 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 71% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wespac Advisors, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Renee Tailing Szu serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Renee Tailing Szu is pension and profit sharing plans with 330 clients and $797.43 million of assets under management. Among the 10 most similar advisory firms, Wespac Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $908.3 million for 643 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.

Wespac Advisors doesn't advise any private funds.

Careers at Wespac Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 8 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Renee Tailing Szu has been acting as President since 1 Aug 2008. Focus Financial Partners Inc. joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Cole Williams	Chief compliance officer	1 Aug 1997	Other	2972146
Nelson Peter Chia	Co-president	1 Mar 2006	Other	810458
Renee Szu Tailing Tanski	Co-president	1 Mar 2006	Other	1346858
Inc. Benefitstreet	Owner	1 Mar 2006	75% - 100%	94-3185771
James Michael Drury	Ceo	1 Mar 2006	Other	1074435
Grant Rollin	Cfo	1 Mar 2006	Other	5132395
Ken Weida	Secretary	1 Mar 2006	Other	5132396
Scott Zeilinger	Vice president	1 Mar 2006	Other	5132397
Llc Focus Operating	Member	1 Jul 2008	75% - 100%	20-8161914
Renee Tailing Szu	President	1 Aug 2008	Other	1346858
Thomas Christopher Lambert	Vice-president	1 Aug 2008	Other	1050882
Nelson Peter Chia	Chief compliance officer	1 Jan 2010	Other	810458
John Cole Williams	Chief compliance officer	1 May 2011	Other	2972146

Indirect Owners

The SEC currently registers 13 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James Michael Drury	Ceo/shareholder	1 Jul 1993	25% - 50%	1074435
Lp Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	135263
L.P. Summit Ventures Via	Member	1 Jan 2006	25% - 50%	04-3540853
L.P. Summit Ventures V Ia	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member	1 Dec 2006	75% - 100%	16-1728260
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Oakland

The principal office where Wespac Advisors, LLC performs its advisory services is located at 519 17 Th Street, Oakland, CA 94612 The mailing address of the firm is 689 Sierra Rose Drive, Reno, NV 89511. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 510-287-5255 or by fax 510-287-5282. The normal business hours are 8:30 am- 5:30 pm on Monday - Friday. You can find more information about the New York firm at wespac.net and its LinkedIn profile.