Willard B Saperston, Inc. (Hamburg)

Willard B Saperston, Inc. is an adviser based in Hamburg. It manages $7.67 million of regulatory assets for 132 client accounts. It has been registered with the SEC as an adviser since 2001.

Willard B Saperston provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Willard B Saperston: assets under management

The assets under management (AUM) of Willard B Saperston, Inc. is $7.67 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -62% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $58.08 thousand each.

Willard B Saperston has custody of $2.28 million in cash and securities for 22 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 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Willard B Saperston, Inc. for their services and products based on a percentage of assets under management. 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 Bruce Edward Warner serves?

The firm provides services to individuals and corporations or other businesses. The largest group of clients of Bruce Edward Warner is individuals with 131 clients and $7.63 million of assets under management. Among the 4 most similar advisory firms, Willard B Saperston has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $7.67 million for 132 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.

Willard B Saperston doesn't advise any private funds.

Careers at Willard B Saperston, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Bruce Edward Warner has been acting as President since 1 Jun 1994. Kristina Lynn Saperston joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bruce Edward Warner	President	1 Jun 1994	75% - 100%	727988
Willard Basch Saperston	Director/treasurer	1 Jun 1994	Other	838581
David Christopher Hasenstab	Chief compliance officer	1 Aug 1998	Other	2645866
Kristina Lynn Saperston	President/secretary	1 Jan 2017	75% - 100%	4403872
Kristina Lynn Saperston	Chief compliance officer	1 Oct 2018	75% - 100%	4403872

Based in Hamburg

The principal office where Willard B Saperston, Inc. performs its advisory services is located at 172 Lake Street, Hamburg, NY 14075, 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 716-649-9800 or by fax 716-649-9875. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.