Werba Rubin Papier Wealth Management, LLC (San Jose)

Name: Werba Rubin Papier Wealth Management, LLC
Address: 10 Almaden Boulevard, San Jose, CA, 95113
Telephone: 408-260-3109

Werba Rubin Papier Wealth Management, LLC is a large advisory firm based in San Jose. It manages $551.24 million of regulatory assets for 1,205 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Massachusetts, Nevada, Texas, and Washington.

Werba Rubin Papier Wealth Management provides financial planning services, portfolio management for individuals and small businesses, 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 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Werba Rubin Papier Wealth Management: assets under management

The assets under management (AUM) of Werba Rubin Papier Wealth Management, LLC is $551.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $551.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $457.46 thousand each.

Werba Rubin Papier Wealth Management has custody of $225 million in cash and securities for 180 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 94% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Werba Rubin Papier Wealth Management, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Werba Rubin Papier Wealth Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Werba Rubin Papier Wealth Management is high net worth individuals with 156 clients and $414.44 million of assets under management. Among the 11 most similar advisory firms, Werba Rubin Papier Wealth Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $551.24 million for 475 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.

Werba Rubin Papier Wealth Management doesn't advise any private funds.

Careers at Werba Rubin Papier Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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
Alan Bruce Werba	Member	1 Jun 2017	25% - 50%	837358
Jason Robert Papier	Managing member	1 Jun 2017	25% - 50%	4979707
Aaron Michael Rubin	Member	1 Jun 2017	25% - 50%	5513214
Jason Papier	Managing member	1 Jun 2017	25% - 50%	4979707

Based in San Jose

The principal office where Werba Rubin Papier Wealth Management, LLC performs its advisory services is located at 10 Almaden Boulevard, San Jose, CA 95113, which is also the mailing address of the firm. An additional office of the firm is in Incline Village, NV. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 408-260-3109 or by fax 408-260-3109. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at wrpwealth.com and its LinkedIn profile.