Whelan Financial (Fresno)


Whelan Financial is a large advisory firm based in Fresno. It manages $291.53 million of regulatory assets for 909 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Whelan Financial provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Whelan Financial: assets under management

The assets under management (AUM) of Whelan Financial is $291.53 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 126% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $291.53 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $320.72 thousand each.
Whelan Financial has custody of $103.02 million in cash and securities for 254 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 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Whelan Financial 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 Whelan Financial serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Whelan Financial is high net worth individuals with 100 clients and $169.81 million of assets under management. Among the 9 most similar advisory firms, Whelan Financial has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $291.53 million for 301 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.

Whelan Financial doesn't advise any private funds.

Careers at Whelan Financial

The company employs 12 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 4 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
Vincent Joseph Whelan President, secretary and chief financial officer 1 Jul 2012 75% - 100% 1900908
Portia Lissi White Chief compliance officer 1 Jul 2012 Other 5137590
Vincent Joseph Whelan Chief executive officer and president 1 Mar 2013 75% - 100% 1900908
Portia Lissi White Vice president and treasurer/cfo 1 Mar 2013 Other 5137590
Taylor John Whelan Chief compliance officer and secretary 1 Dec 2014 Other 6425340

Based in Fresno

The principal office where Whelan Financial performs its advisory services is located at 735 West Alluvial Ave. #101, Fresno, CA 93711 5780, 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 559-228-8002 or by fax 559-228-8028. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at whelanfinancial.com.