Waldron Private Wealth, LLC (Bridgeville)

Name: Waldron Private Wealth, LLC
Address: 44 Abele Road, Bridgeville, PA, 15017
Telephone: 412-221-1005

Waldron Private Wealth, LLC is a large advisory firm based in Bridgeville. It manages $1.84 billion of regulatory assets for 184 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, District of Columbia, Florida, and 8 other states.

Waldron Private Wealth provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Waldron Private Wealth: assets under management

The assets under management (AUM) of Waldron Private Wealth, LLC is $1.84 billion. The firm's AUM has grown by 9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.83 billion in discretionary accounts and $5.17 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $738.13 thousand.

Waldron Private Wealth has custody of $1.55 billion in cash and securities for 170 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 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 28% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Waldron Private Wealth, 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.

What kind of clients Waldron Private Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Waldron Private Wealth is high net worth individuals with 158 clients and $1.82 billion of assets under management. Among the 11 most similar advisory firms, Waldron Private Wealth has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.82 billion for 182 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.

Waldron Private Wealth doesn't advise any private funds.

Careers at Waldron Private Wealth, LLC

The company employs 21 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 18 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matthew Alan Helfrich	Chief compliance officer, member and board of managers member	1 Jul 2008	Other	4344282
Benjamin Michael Greenfeld	Chief investment officer, member and board of managers member	1 Apr 2015	Other	5272549
Waldron 2008 Family Trust	Member	1 Jan 2018	75% - 100%	32-6085554
John Joseph Waldron	Managing member and chairman of the board of managers	1 Jan 2018	Other	1864267
Robert H. Wyche	Member and board of managers member	1 Jan 2018	Other	6486897
Ryan Fortier	Member and board of managers member	1 Jan 2018	Other	5982796

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Joseph Waldron	Trustee and beneficiary	1 Dec 2008	75% - 100%	1864267
Waldron 2008 Family Trust	Member	1 Jan 2009	75% - 100%	32-6085554

Based in Bridgeville

The principal office where Waldron Private Wealth, LLC performs its advisory services is located at 44 Abele Road, Bridgeville, PA 15017, which is also the mailing address of the firm. An additional office of the firm is in Washington, DC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 412-221-1005 or by fax 412-221-2005. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at waldronprivatewealth.com.