Weston Financial Group Inc (Wellesley)

Name: Weston Financial Group Inc
Address: 100 William St, Wellesley, MA, 02481
Telephone: 781-235-7055

Weston Financial Group Inc is a large advisory firm based in Wellesley. It manages $1.76 billion of regulatory assets for 2,731 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 17 other states.

Weston Financial Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and asset allocation and monitoring services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Weston Financial Group: assets under management

The assets under management (AUM) of Weston Financial Group Inc is $1.76 billion. The firm's AUM has grown by 89% since the beginning of its operation, and $134.87 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.56 billion in discretionary accounts and $193.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $692.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $409.16 thousand.

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 state and local bonds, which make up 11% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Weston Financial Group 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 Ronald Stephen Ohsberg 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 Ronald Stephen Ohsberg is high net worth individuals with 510 clients and $1.63 billion of assets under management. Among the 13 most similar advisory firms, Weston Financial Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.76 billion for 766 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.

Weston Financial Group doesn't advise any private funds.

Careers at Weston Financial Group Inc

The company employs 21 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 10 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 receive compensation from other entities for client referrals.

Ronald Stephen Ohsberg has been acting as President since 1 Jan 2018. Ronald Anthony Sugameli joined the executive team most recently as the Principal Financial Counselor, Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Iven Richard Horowitz	President, director, principal	1 Mar 1982	Other	250391
Douglas Albert Biggar	Clerk, director, principal	1 Apr 1982	Other	731991
Joseph Robbat	Treasurer, director, principal	1 Jan 1983	Other	400602
Wayne Michael Grzecki	Director, principal	1 Nov 1998	Other	1620332
Robert Irwin Stock	Director, principal	1 Nov 1998	Other	1900058
Ronald Anthony Sugameli	Director, principal	1 Nov 1998	Other	1330887
Nicole M Tremblay	Chief compliance officer	1 Nov 2002	Other	4555979
Nicole Marie Tremblay	Chief compliance officer	1 Nov 2002	Other	4555979
Nicole Marie Tremblay	Chief compliance officer, senior vice president	1 Aug 2005	Other	4555979
The Washington Trust Company	Parent company	1 Aug 2005	75% - 100%	05-0235370
Of Westerly The Washington Trust Company	Parent company	1 Aug 2005	75% - 100%	05-0235370
Douglas Albert Biggar	Managing director	1 Aug 2005	Other	731991
Wayne Michael Grzecki	President, managing director	1 Aug 2005	Other	1620332
Joseph Robbat	Treasurer, managing director	1 Aug 2005	Other	400602
Robert Irwin Stock	Secretary, managing director	1 Aug 2005	Other	1900058
Galan George Daukas	Executive managing director	1 Aug 2005	Other	1617862
Inc. Washington Trust Bancorp	Parent company	1 Aug 2005	75% - 100%	05-0404671
Ronald Anthony Sugameli	Secretary, managing director	1 Aug 2005	Other	1330887
Ronald Anthony Sugameli	Secretary, managing director, cio	1 May 2009	Other	1330887
Maria Anna Staffiere	Managing director	1 May 2009	Other	1108337
Wayne Michael Grzecki	President, managing director, coo	1 May 2009	Other	1620332
Kerry Paul Falco	Managing director	1 May 2009	Other	2022848
Kerry Paul Falco	Managing director, treasurer	1 Jun 2010	Other	2022848
John Whipple Filoon	President, chief operating officer	1 May 2011	Other	3060781
Mark Kenyon Wever Gim	Executive managing director	1 May 2013	Other	6200079
Edward Otis Handy	Director	1 Apr 2014	Other	6929146
Kathleen Anne Ryan	Executive managing director, director	1 Jan 2018	Other	6929122
Ronald Stephen Ohsberg	Director	1 Jan 2018	Other	6929142
Ronald Anthony Sugameli	Principal financial counselor, chief investment officer	1 Jun 2018	Other	1330887
Kerry Paul Falco	Principal financial counselor	1 Jun 2018	Other	2022848
Maria Anna Staffiere	Principal financial counselor	1 Jun 2018	Other	1108337
Ronald Stephen Ohsberg	Director, treasurer	1 Jun 2018	Other	6929142

Based in Wellesley

The principal office where Weston Financial Group Inc performs its advisory services is located at 100 William St, Wellesley, MA 02481, 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 781-235-7055 or by fax 781-235-1905. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at westonfinancial.net.