Westport Capital Markets, LLC (Westport)

Name: Westport Capital Markets, LLC
Address: 257 Riverside Avenue, Westport, CT, 06880
Telephone: 203-222-8933

Westport Capital Markets, LLC is a large advisory firm based in Westport. It manages $321.81 million of regulatory assets for 253 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Florida, New Hampshire, and 4 other states.

Westport Capital Markets provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Westport Capital Markets: assets under management

The assets under management (AUM) of Westport Capital Markets, LLC is $321.81 million. The firm's AUM has grown by 520% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $84.74 million in discretionary accounts and $237.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $421.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.56 million.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is other assets, which make up 20% 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 Westport Capital Markets, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Westport Capital Markets serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Westport Capital Markets is pension and profit sharing plans with 18 clients and $225.47 million of assets under management. Among the 9 most similar advisory firms, Westport Capital Markets has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $321.81 million for 253 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.

Westport Capital Markets doesn't advise any private funds.

Careers at Westport Capital Markets, LLC

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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
Jonathan Jr Oherron	Llc president	1 Jul 1996	75% - 100%	1230702
Jonathan Jr Oherron	Managing director, rop,crop,srop	1 Jul 1997	Other	1230702
Jonathan Jr Oherron	Chief compliance officer	1 Nov 2004	75% - 100%	1230702
Marisa Maher	Chief compliance officer	1 Oct 2006	Other	2335142
Christopher Edward Mcclure	Managing director	1 Oct 2006	Other	2289844
Christopher Edward Mcclure	President & ceo, cfo, finop, chief compliance officer	1 Sep 2007	75% - 100%	2289844
Mlv & Co Financial Llc	Owner	1 Apr 2013	25% - 50%	90-0727632

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Mcnicoll & Co Llc	Owner	1 Apr 2013	75% - 100%	27-0364244

Based in Westport

The principal office where Westport Capital Markets, LLC performs its advisory services is located at 257 Riverside Avenue, Westport, CT 06880, which is also the mailing address of the firm. An additional office of the firm is in Guilford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-222-8933 or by fax 203-222-8898. The normal business hours are 8:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at westportcapitalmarkets.com and its LinkedIn profile.