The Waterford Group, LLC (Rochester)

Name: The Waterford Group, LLC
Address: 1657 East Avenue, Rochester, NY, 14610
Telephone: (585) 434-0646

The Waterford Group, LLC is a large advisory firm based in Rochester. It manages $458 million of regulatory assets for 174 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New York.

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

The Waterford Group: assets under management

The assets under management (AUM) of The Waterford Group, LLC is $458 million. The firm's AUM has grown by 1020% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $418 million in discretionary accounts and $40 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.86 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.43 million.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay The Waterford Group, LLC 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 The Waterford Group serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of The Waterford Group is pension and profit sharing plans with 102 clients and $420 million of assets under management. Among the 11 most similar advisory firms, The Waterford Group has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $458 million for 146 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.

The Waterford Group doesn't advise any private funds.

Careers at The Waterford Group, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Interim Holdings	Managing member	1 Nov 2010	75% - 100%	45-0592675
Alyssa Melanie Kolber	Manager / chief compliance officer	1 Nov 2010	Other	5321571
Brian Patrick Costello	Managing member / chief compliance officer	1 Jan 2011	25% - 50%	1858915
Michael John Merriman	Managing member	1 Jan 2011	25% - 50%	5880608
Mary Katherine O'brian	Managing member	1 Jan 2011	Other	5880609

Based in Rochester

The principal office where The Waterford Group, LLC performs its advisory services is located at 1657 East Avenue, Rochester, NY 14610, 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 (585) 434-0646. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at waterfordgroupny.com.