Wittenberg Investment Management Inc (Carlisle)

Wittenberg Investment Management Inc is a large advisory firm based in Carlisle. It manages $266.71 million of regulatory assets for 173 client accounts. It has been registered with the SEC as an adviser since 2001.

Wittenberg Investment 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.

Wittenberg Investment Management: assets under management

The assets under management (AUM) of Wittenberg Investment Management Inc is $266.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 281% since the beginning of its operation, and $1.56 million of the total AUM is attributable to clients outside of the United States.

The firm manages $266.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.54 million each.

Investments

The firm invests in exchange traded securities the most. They account for 83% 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 and business development companies form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wittenberg Investment Management Inc for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Wittenberg Investment Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wittenberg Investment Management is high net worth individuals with 50 clients and $239.96 million of assets under management. Among the 10 most similar advisory firms, Wittenberg Investment Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $249.51 million for 67 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.

Wittenberg Investment Management doesn't advise any private funds.

Careers at Wittenberg Investment Management Inc

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No 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
Joel Wittenberg	President & chief compliance officer	1 Apr 1988	75% - 100%	1695242

Based in Carlisle

The principal office where Wittenberg Investment Management Inc performs its advisory services is located at 650 Concord Street, Suite 203, Carlisle, MA 01741, 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 978-610-6871 or by fax 978-254-5749. The normal business hours are 9:00 a.m. - 5:00 p.m on Monday - Friday.