Westminster Consulting, LLC is a large advisory firm based in Rochester. It manages $4.56 billion of regulatory assets for 170 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.
Westminster Consulting provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Westminster Consulting, LLC is $4.56 billion. The firm's AUM has grown by 2958% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Westminster Consulting, LLC 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.
The firm provides services to individuals, charitable organizations, and pension and profit sharing plans. The largest group of clients of Westminster Consulting is pension and profit sharing plans with 50 clients and $4 billion of assets under management. Among the 8 most similar advisory firms, Westminster Consulting has the 2nd highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $4.56 billion for 167 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.
Westminster Consulting doesn't advise any private funds.
The company employs 10 people that are either part- or full-time employees. 40 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.
The principal office where Westminster Consulting, LLC performs its advisory services is located at 11 Centre Park Suite 303, Rochester, NY 14614 1115, 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 585-246-3750 or by fax 585-246-2759. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at westminster-consulting.com.