Dwd Portfolio Solutions, Inc. (Pittsburgh)

Name: Dwd Portfolio Solutions, Inc.
Address: Manor Oak One, Pittsburgh, PA, 15220
Telephone: 412-341-6642

Dwd Portfolio Solutions, Inc. is a large advisory firm based in Pittsburgh. It manages $111.53 million of regulatory assets for 680 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Florida, Maryland, New Jersey, and 3 other states.

Dwd Portfolio Solutions provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Dwd Portfolio Solutions: assets under management

The assets under management (AUM) of Dwd Portfolio Solutions, Inc. is $111.53 million. The firm's AUM has grown by 5% since the beginning of its operation, and $824.18 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $102.47 million in discretionary accounts and $9.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $157.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $323.75 thousand.

Dwd Portfolio Solutions has custody of $30.64 million in cash and securities for 110 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 97% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 1% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dwd Portfolio Solutions, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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 Maria Carla Devlin serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Maria Carla Devlin is individuals with 247 clients and $69.82 million of assets under management. Among the 12 most similar advisory firms, Dwd Portfolio Solutions has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $108.88 million for 276 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Dwd Portfolio Solutions doesn't advise any private funds.

Careers at Dwd Portfolio Solutions, Inc.

The company employs 5 people that are either part- or full-time employees. 80 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.

Maria Carla Devlin has been acting as President since 1 Sep 1994. Keith Alan Woerner joined the executive team most recently as the Executive V.P. & General Counsel.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Maria Carla Devlin	President	1 Sep 1994	25% - 50%	2150928
Sam Cicero Dalesandro	Chief compliance officer/ceo	1 Dec 2017	50% - 75%	2924782
Keith Alan Woerner	Executive v.p. & general counsel	1 Jan 2018	25% - 50%	2753123

Based in Pittsburgh

The principal office where Dwd Portfolio Solutions, Inc. performs its advisory services is located at Manor Oak One, Pittsburgh, PA 15220, 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 412-341-6642 or by fax 412-341-7091. 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 dwdportfolios.com.