Exeter Trust Corp (Cabin John)


Exeter Trust Corp is an adviser based in Cabin John. It manages $26 million of regulatory assets for 49 client accounts. It has been registered with the SEC as an adviser since 2001.

Exeter Trust Corp provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm also engages as registered investment advisor.

Exeter Trust Corp: assets under management

The assets under management (AUM) of Exeter Trust Corp is $26 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $530.61 thousand each.
Exeter Trust Corp has custody of $26 million in cash and securities for 49 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Exeter Trust Corp 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 Gerald Patrick Price serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Gerald Patrick Price is individuals with 42 clients and $20 million of assets under management. Among the 4 most similar advisory firms, Exeter Trust Corp has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $26 million for 49 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.

Exeter Trust Corp doesn't advise any private funds.

Careers at Exeter Trust Corp

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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.

Gerald Patrick Price has been acting as President since 1 Jan 2000. Michelle M Kovaleski joined the executive team most recently as the Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Kelly Kendall Olmsted Chief operating officer 1 Jul 1998 Other 4358234
Gerald Patrick Price President/ cco 1 Jan 2000 75% - 100% 1530776
Charles C. Wilkes Chairman 1 Jan 2000 50% - 75% 4358875
Michelle M Kovaleski Vice-president 1 Jun 2000 Other 3135362
Michelle M Davis Vice-president 1 Jun 2000 Other 3135362

Based in Cabin John

The principal office where Exeter Trust Corp performs its advisory services is located at 7945 Macarthur Blvd., Suite 218, Cabin John, MD 20818, 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 301-652-1212 or by fax 240-396-6652. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at exetertrust.com.