Wooster Corthell Wealth Management, Inc. (Glastonbury)

Wooster Corthell Wealth Management, Inc. is a large advisory firm based in Glastonbury. It manages $271.04 million of regulatory assets for 855 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Colorado, and 5 other states.

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

Wooster Corthell Wealth Management: assets under management

The assets under management (AUM) of Wooster Corthell Wealth Management, Inc. is $271.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $271.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $317.01 thousand each.

Wooster Corthell Wealth Management has custody of $84.31 million in cash and securities for 149 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 96% of the total AUM. The second-largest asset type is exchange traded securities, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wooster Corthell Wealth Management, Inc. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Alan Dale Wooster 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 Alan Dale Wooster is high net worth individuals with 73 clients and $194.64 million of assets under management. Among the 13 most similar advisory firms, Wooster Corthell Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $270.06 million for 269 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.

Wooster Corthell Wealth Management doesn't advise any private funds.

Careers at Wooster Corthell Wealth Management, Inc.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Alan Dale Wooster has been acting as President since 1 Jul 1996. Lynn Rickards Corthell joined the executive team most recently as the Chief Compliance Officer/Vp Operations And Administration.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alan Dale Wooster	President	1 Jul 1996	75% - 100%	2152409
Lynn Rickards Corthell	Chief compliance officer/vp operations and administration	1 Jul 2011	Other	1905010

Based in Glastonbury

The principal office where Wooster Corthell Wealth Management, Inc. performs its advisory services is located at 300 Winding Brook Drive, Glastonbury, CT 06033 4335, 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 860-430-9766 or by fax 860-430-9762. The normal business hours are 9:00 am - 4:00 pm on Monday - Friday.