Thomas Wright Asset Management, Inc. (San Juan)

Name: Thomas Wright Asset Management, Inc.
Address: 53 Calle Palmeras, San Juan, PR, 00901 2408
Telephone: 843-971-4265

Thomas Wright Asset Management, Inc. is a large advisory firm based in San Juan. It manages $183.24 million of regulatory assets for 60 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Puerto Rico, South Carolina, and Texas.

Thomas Wright Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Thomas Wright Asset Management: assets under management

The assets under management (AUM) of Thomas Wright Asset Management, Inc. is $183.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 138% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $183.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.05 million each.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 31% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thomas Wright Asset Management, Inc. for their services and products based on a percentage of assets under management 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 Thomas Wright Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Thomas Wright Asset Management is high net worth individuals with 23 clients and $175.11 million of assets under management. Among the 11 most similar advisory firms, Thomas Wright Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $179.12 million for 34 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.

Thomas Wright Asset Management doesn't advise any private funds.

Careers at Thomas Wright Asset Management, Inc.

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Thomas Stuart Wright	President, director, chief compliance officer	1 Oct 1988	75% - 100%	1943409
Thomas Wright	Sole owner/sole officer/sole director	1 Oct 1988	75% - 100%	1943409
William Stuart Wright	Treasurer, vice president	1 Mar 2003	Other	4537584

Based in San Juan

The principal office where Thomas Wright Asset Management, Inc. performs its advisory services is located at 53 Calle Palmeras, San Juan, PR 00901 2408, 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 843-971-4265. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at twasset.com.