Wp Advisors, LLC (San Francisco)

Name: Wp Advisors, LLC
Address: 353 Sacramento Street, San Francisco, CA, 94111
Telephone: 415-777-2900

Wp Advisors, LLC is a large advisory firm based in San Francisco. It manages $230.09 million of regulatory assets for 787 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, New Jersey, Texas, and Washington.

Wp Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wp Advisors: assets under management

The assets under management (AUM) of Wp Advisors, LLC is $230.09 million. The firm's AUM has grown by 93% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $219.2 million in discretionary accounts and $10.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $286.92 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $473.38 thousand.

Wp Advisors has custody of $87.33 million in cash and securities for 170 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 74% 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 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wp Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Wp Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Wp Advisors is high net worth individuals with 91 clients and $154.48 million of assets under management. Among the 10 most similar advisory firms, Wp Advisors has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $230.09 million for 343 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.

Wp Advisors doesn't advise any private funds.

Careers at Wp Advisors, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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
Anthony Matthew Spangenberg	Managing member	1 Mar 1999	50% - 75%	2131673
Stephen Dominick Philliber	Managing member	1 Mar 1999	50% - 75%	2518605
Jennifer Johnson Cooney	Chief compliance officer	1 Oct 2004	Other	4923160

Based in San Francisco

The principal office where Wp Advisors, LLC performs its advisory services is located at 353 Sacramento Street, San Francisco, CA 94111 The mailing address of the firm is 1225 4 Th Street, San Francisco, CA 94158. An additional office of the firm is in Wall Township, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-777-2900 or by fax 415-777-9200. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at wpigadvisors.com.