Walnut Asset Management LLC is a large advisory firm based in Philadelphia. It manages $579.43 million of regulatory assets for 278 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, California, Connecticut, and 12 other states.
Walnut Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Walnut Asset Management LLC is $579.43 million. The firm's AUM has gone down by -19% 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 Walnut Asset Management 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.
Peter Bedell has been acting as President since 1 Aug 1999. Clifford Peter Haugen joined the executive team most recently as the Cfo.
The principal office where Walnut Asset Management LLC performs its advisory services is located at 1617 John F. Kennedy Blvd, Philadelphia, PA 19103, 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 215-981-0776 or by fax 215-981-0581. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at www.wamia.com.