Wetherby Asset Management is a large advisory firm based in San Francisco. It manages $4.85 billion of regulatory assets for 3,568 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 14 other states.
Wetherby Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 499 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wetherby Asset Management is $4.85 billion. The firm's AUM has grown by 932% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Wetherby Asset Management for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Wetherby Asset Management is high net worth individuals with 481 clients and $4.35 billion of assets under management. Among the 8 most similar advisory firms, Wetherby Asset Management has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $4.85 billion for 542 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.
Wetherby Asset Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 69 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 26 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Jennifer Knox Hicks joined the executive team most recently as the Principal & Wealth Manager.
The principal office where Wetherby Asset Management performs its advisory services is located at 580 California St., San Francisco, CA 94104, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 415-399-9159 or by fax 415-399-9330. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at wetherby.com.