Wilmington Capital Securities, LLC is a large advisory firm based in Garden City. It manages $196.61 million of regulatory assets for 217 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Florida, New Jersey, and New York.
Wilmington Capital Securities provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wilmington Capital Securities, LLC is $196.61 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 373% since the beginning of its operation, and $2.89 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wilmington Capital Securities, LLC for their services and products based on a percentage of assets under management 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.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Wilmington Capital Securities is high net worth individuals with 13 clients and $154.59 million of assets under management. Among the 8 most similar advisory firms, Wilmington Capital Securities has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $196.61 million for 217 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.
Wilmington Capital Securities doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 7 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.
The principal office where Wilmington Capital Securities, LLC performs its advisory services is located at 600 Old Country Road, Garden City, NY 11530, 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 516-750-6200 or by fax 516-750-6245. The normal business hours are 9:00am-4:30pm on Monday - Friday. You can find more information about the New York firm at wilmingtoncap.com.