Wright Investors Service Inc (Shelton)

Name: Wright Investors Service Inc
Address: 2 Corporate Drive, Shelton, CT, 06484
Telephone: 203-783-4400

Wright Investors Service Inc is a large advisory firm based in Shelton. It manages $1.1 billion of regulatory assets for 1,270 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Delaware, and 5 other states.

Wright Investors Service provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wright Investors Service: assets under management

The assets under management (AUM) of Wright Investors Service Inc is $1.1 billion. The firm's AUM has gone down by -69% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $594.33 million in discretionary accounts and $505.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.71 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $480.64 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 18% of the firm’s portfolio. Investments in government bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wright Investors Service Inc for their services and products based on a percentage of assets under management, subscription fees, 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.

What kind of clients George Linczmajer Rommel serves?

The firm provides services to individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of George Linczmajer Rommel is banking or thrift institutions with 23 clients and $594.25 million of assets under management. Among the 7 most similar advisory firms, Wright Investors Service has the highest percentage of banking or thrift institutions out of all clients.

The amount of regulatory assets under management is $1.08 billion for 83 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.

Wright Investors Service doesn't advise any private funds.

Careers at Wright Investors Service Inc

The company employs 22 people that are either part- or full-time employees. 23 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

George Linczmajer Rommel has been acting as President since 1 Jan 1996. Michael Fleming joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
The Winthrop Corporation	Sole shareholder	1 Jan 1996	75% - 100%	06-0700978
Peter Morse Donovan	Director,ceo, cco	1 Jan 1996	Other	1134808
Vincent Michael Simko	Director, secretary, clo	1 Jan 1996	Other	1134806
Judith Corchard	Director, executive vice president	1 Jan 1996	Other	2678974
George Linczmajer Rommel	Director	1 Jan 1996	Other	2891629
George F Taylor	Director	1 Jan 1996	Other	2891631
Mildred Gibson Wright	Director	1 Jan 1996	Other	4343066
Eugene Joseph Helm	Director, executive vice president, cfo	1 Jan 1996	Other	2891633
Henry Day Brigham	Director	1 Jan 1996	Other	30525
Judith Randall Corchard	Director, executive vice president	1 Jan 1996	Other	2678974
George Farrell Taylor	Director	1 Jan 1996	Other	2891631
Amit Sharadchandra Khandwala	Director, co- cio and co- president	1 May 2006	Other	2794288
Gregory David Smith	Chief compliance officer	1 Sep 2011	Other	5980999
Mello Anthony Ewoud Vandaalen	Director, co-cio & co-president	1 Feb 2012	Other	1456340
Ira J Sobotko	Chief compliance officer	1 Dec 2015	Other	6154509
Harvey P Eisen	Co-ceo	1 Dec 2015	Other	6155070
Michael Fleming	Chief compliance officer	1 Aug 2018	Other	6890332
Amit Sharadchandra Khandwala	Chairman, ceo and cio	1 Aug 2018	75% - 100%	2794288
Mello Anthony Ewoud Vandaalen	President and cio of global fixed income	1 Aug 2018	Other	1456340

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
School For Ethical Education	Stockholder	1 Jun 1998	25% - 50%	06-1411577
Peter Morse Donovan	Stockholder	1 Dec 2004	25% - 50%	1134808
Inc. Wright Investors' Service Holdings	Stockholder	1 Dec 2012	75% - 100%	13-4005439
Inc. Khandwala Capital Management	Shareholder	1 Jul 2018	75% - 100%	83-1563523
Amit Sharadchandra Khandwala	Shareholder	1 Jul 2018	75% - 100%	2794288

Based in Shelton

The principal office where Wright Investors Service Inc performs its advisory services is located at 2 Corporate Drive, Shelton, CT 06484, which is also the mailing address of the firm. An additional office of the firm is in Torrington, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-783-4400 or by fax 203-783-4401. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at wrightinvestors.com.