Phillip B. White Co., Inc. (Danville)


Phillip B. White Co., Inc. is a large advisory firm based in Danville. It manages $204 million of regulatory assets for 520 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of California, Colorado, North Carolina, Texas, and Washington.

Phillip B. White Co. provides financial planning services, portfolio management for individuals and small businesses, 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.

Phillip B. White Co.: assets under management

The assets under management (AUM) of Phillip B. White Co., Inc. is $204 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $204 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $392.31 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Phillip B. White Co., 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 Bruce David White serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Bruce David White is high net worth individuals with 75 clients and $125 million of assets under management. Among the 7 most similar advisory firms, Phillip B. White Co. has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $200 million for 240 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.

Phillip B. White Co. doesn't advise any private funds.

Careers at Phillip B. White Co., Inc.

The company employs 3 people that are either part- or full-time employees. 100 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
Bruce David White President/ cco 1 Feb 2019 75% - 100% 732362

Based in Danville

The principal office where Phillip B. White Co., Inc. performs its advisory services is located at 4125 Blackhawk Plaza Circle, Danville, CA 94506, 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 925-736-2108 or by fax 925-736-2126. The normal business hours are 9 am to 5 pm on Monday - Friday.