Wbh Advisory, Inc. (Baltimore)

Name: Wbh Advisory, Inc.
Address: 1829 Reisterstown Road, Suite 225, Baltimore, MD, 21208
Telephone: 410-653-7979

Wbh Advisory, Inc. is a large advisory firm based in Baltimore. It manages $637.86 million of regulatory assets for 1,542 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Delaware, District of Columbia, and 11 other states.

Wbh Advisory 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 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wbh Advisory: assets under management

The assets under management (AUM) of Wbh Advisory, Inc. is $637.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 15% since the beginning of its operation, and $417 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $637.86 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $413.66 thousand each.

Wbh Advisory has custody of $88.53 million in cash and securities for 127 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 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wbh Advisory, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Marc Jeffrey Hertzberg serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Marc Jeffrey Hertzberg is high net worth individuals with 244 clients and $506.82 million of assets under management. Among the 12 most similar advisory firms, Wbh Advisory has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $627.38 million for 522 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.

Wbh Advisory doesn't advise any private funds.

Careers at Wbh Advisory, Inc.

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Marc Jeffrey Hertzberg	President, chief compliance officer	1 Jan 2004	75% - 100%	3180785
Marc Jeffrey Hertzberg	President	1 Nov 2017	75% - 100%	3180785

Based in Baltimore

The principal office where Wbh Advisory, Inc. performs its advisory services is located at 1829 Reisterstown Road, Suite 225, Baltimore, MD 21208, which is also the mailing address of the firm. An additional office of the firm is in Chevy Chase, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-653-7979 or by fax 410-653-8142. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at wagnercapital.net/.