Westbourne Investments, Inc. (Alexandria)
Westbourne Investments, Inc. is a large advisory firm based in Alexandria. It manages $135.01 million of regulatory assets for 220 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, District of Columbia, and 7 other states.
Westbourne Investments provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
Westbourne Investments: assets under management
The assets under management (AUM) of Westbourne Investments, Inc. is $135.01 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and $298.51 thousand of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Westbourne Investments, Inc. for their services and products based on a percentage of assets under management 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 Westbourne Investments serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Westbourne Investments is high net worth individuals with 31 clients and $80.32 million of assets under management. Among the 5 most similar advisory firms, Westbourne Investments has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $135.01 million for 220 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.
Westbourne Investments doesn't advise any private funds.
Careers at Westbourne Investments, Inc.
The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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
Based in Alexandria
The principal office where Westbourne Investments, Inc. performs its advisory services is located at 2121 Eisenhower Ave Ste 605, Alexandria, VA 22314, 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 703-294-6880 or by fax 703-294-6850. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at westbourneinv.com.
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