Wharton Business Group, LLC (Malvern)

Wharton Business Group, LLC is a large advisory firm based in Malvern. It manages $2.33 billion of regulatory assets for 288 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida, New Hampshire, New Jersey, Pennsylvania, and Texas.

Wharton Business Group provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wharton Business Group: assets under management

The assets under management (AUM) of Wharton Business Group, LLC is $2.33 billion. The firm's AUM has grown by 121% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.1 billion in discretionary accounts and $230.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.1 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.94 million.

Investments

The firm invests in investment and business development companies the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 41% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wharton Business Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Wharton Business Group serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Wharton Business Group is high net worth individuals with 59 clients and $1.75 billion of assets under management. Among the 8 most similar advisory firms, Wharton Business Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.22 billion for 104 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.

Wharton Business Group doesn't advise any private funds.

Careers at Wharton Business Group, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Billy Joe Webster	Managing member and chief compliance officer	1 Sep 2009	25% - 50%	1942601
Marc Alexander Hembrough	Member	1 Sep 2009	25% - 50%	1284578
Matthew Sullivan Delaney	Member	1 Sep 2009	25% - 50%	2446404

Based in Malvern

The principal office where Wharton Business Group, LLC performs its advisory services is located at 110 N. Phoenixville Pike, Malvern, PA 19355, which is also the mailing address of the firm. An additional office of the firm is in Gainesville, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 484-328-3590 or by fax 484-328-3958. The normal business hours are 9 am - 5 pm on Monday - Friday.