Wwk Advisors, LLC (Northville)


Wwk Advisors, LLC is a large advisory firm based in Northville. It manages $379.1 million of regulatory assets for 617 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Illinois, Louisiana, Michigan, and Texas.

Wwk Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wwk Advisors: assets under management

The assets under management (AUM) of Wwk Advisors, LLC is $379.1 million. The firm's AUM has grown by 1159% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $202.43 million in discretionary accounts and $176.67 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $340.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.68 million.
Wwk Advisors has custody of $202.43 million in cash and securities for 247 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 90% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 3% 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 Wwk Advisors, LLC 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 Wwk Advisors serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Wwk Advisors is pension and profit sharing plans with 21 clients and $176.67 million of assets under management. Among the 10 most similar advisory firms, Wwk Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $335.16 million for 265 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.

Wwk Advisors doesn't advise any private funds.

Careers at Wwk Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 33 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
Jason Matthew Welch Managing member, chief compliance officer 1 Jul 2010 50% - 75% 2436809
Daniel John Welch Managing member 1 Jul 2010 50% - 75% 2160552
Llc Wwk Wealth Management Member 1 Jul 2010 75% - 100% 27-3022170

Based in Northville

The principal office where Wwk Advisors, LLC performs its advisory services is located at 126 N. Center Street, Northville, MI 48167, 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 248.449.8300 or by fax 248.449.8388. The normal business hours are 8:30 a.m.-5 p.m. on Monday - Friday. You can find more information about the New York firm at wwkadvisors.com.