Wesbanco Bank, Inc. (Wheeling)

Wesbanco Bank, Inc. is a large advisory firm based in Wheeling. It manages $851.1 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of West Virginia.

Wesbanco Bank provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wesbanco Bank: assets under management

The assets under management (AUM) of Wesbanco Bank, Inc. is $851.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 51% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $851.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $141.85 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wesbanco Bank, Inc. for their services and products based on a percentage of assets under management. 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 Wesbanco Bank serves?

The only and largest group of clients of Wesbanco Bank is investment companies with 6 clients and $851.1 million of assets under management. Among the 4 most similar advisory firms, Wesbanco Bank has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $851.1 million for 6 clients. None of the firm’s clients are foreign persons or businesses.

Wesbanco Bank doesn't advise any private funds.

Careers at Wesbanco Bank, Inc.

The company employs 18 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Jerome B. Schmitt	Executive vice president	1 May 1996	Other	4378529
Jerome Bernard Schmitt	Executive vice president	1 May 1996	Other	4378529
David B. Ellwood	Senior vice president	1 Jun 2000	Other	4378598
David Brian Ellwood	Senior vice president	1 Jun 2000	Other	4378598
Inc. Wesbanco	Shareholder	1 Mar 2001	75% - 100%	55-0571723
Inc. Investment Department A Division Of Wesbanco Bank	Investment department	1 Mar 2001	75% - 100%	111907
Inc. Wesbanco Bank	Investment department/sid	1 Mar 2001	75% - 100%	111907
Deborah Cordiner Ferdon	Chief compliance officer	1 Sep 2004	Other	814321
David Brian Ellwood	Executive vice president	1 Jun 2011	Other	4378598
Deborah Cordiner Ferdon	Executive vice president, chief compliance officer	1 Jun 2011	Other	814321
Jennifer Roth	Senior vice president, chief compliance officer	1 Aug 2019	Other	3247469

Based in Wheeling

The principal office where Wesbanco Bank, Inc. performs its advisory services is located at One Bank Plaza, Wheeling, WV 26003 3565, 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 304-234-9419 or by fax 304-234-9476. The normal business hours are 8:30am - 5:00pm on Monday - Friday.