Winthrop Partners Wny, LLC (Buffalo)

Name: Winthrop Partners Wny, LLC
Address: 835 Washington Street, Buffalo, NY, 14203
Telephone: 716-322-7478

Winthrop Partners Wny, LLC is a large advisory firm based in Buffalo. It manages $106.97 million of regulatory assets for 233 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, New Hampshire, New York, and 3 other states.

Winthrop Partners Wny provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Winthrop Partners Wny: assets under management

The assets under management (AUM) of Winthrop Partners Wny, LLC is $106.97 million. The firm's AUM has gone down by -39% since the beginning of its operation, and $132.57 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $102.89 million in discretionary accounts and $4.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $476.34 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $240.37 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 18% 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 Winthrop Partners Wny, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Winthrop Partners Wny serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Winthrop Partners Wny is high net worth individuals with 26 clients and $76.35 million of assets under management. Among the 9 most similar advisory firms, Winthrop Partners Wny has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $106.51 million for 155 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Winthrop Partners Wny doesn't advise any private funds.

Careers at Winthrop Partners Wny, 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. 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 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Winthrop Financial	Jv partner	1 Nov 2015	Other	158852
Thomas John Saunders	Managing member	1 Nov 2015	50% - 75%	2854359
Deborah Ann Stauring	Chief compliance officer	1 Jun 2016	Other	1081156
Robert Brian Werner	Co-managing member and cio	1 Jul 2017	25% - 50%	4910211
Ryan Carney	Member, trader	1 Jul 2017	Other	6559045

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Wyndgate Holding Inc.	Parent company of locust capital management, llc	1 Nov 2015	25% - 50%	45-4247549

Based in Buffalo

The principal office where Winthrop Partners Wny, LLC performs its advisory services is located at 835 Washington Street, Buffalo, NY 14203, which is also the mailing address of the firm. An additional office of the firm is in Doylestown, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 716-322-7478. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at winthroppartners.com.