West Chester Capital Advisors Inc (Johnstown)


West Chester Capital Advisors Inc is a large advisory firm based in Johnstown. It manages $842.33 million of regulatory assets for 1,326 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Pennsylvania.

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West Chester Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

West Chester Capital Advisors: assets under management

The assets under management (AUM) of West Chester Capital Advisors Inc is $842.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 185% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $842.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $635.24 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 37% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in pooled investment vehicles form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay West Chester Capital Advisors Inc for their services and products based on a percentage of assets under management and performance-based 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 Jerome Michael Adams serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Jerome Michael Adams is high net worth individuals with 9 clients and $42.81 million of assets under management. Among the 11 most similar advisory firms, West Chester Capital Advisors has the 5th lowest percentage of high net worth individuals out of all clients.


The amount of regulatory assets under management is $61.44 million for 30 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.

West Chester Capital Advisors doesn't advise any private funds.

Careers at West Chester Capital Advisors Inc

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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 don’t receive compensation from other entities for client referrals.

Jerome Michael Adams has been acting as President since 1 Mar 2007. James Theodore Huerth joined the executive team most recently as the President & Chief Executive Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Thomas Francis Mckeon Vice president 1 Jan 1995 Other 2261840
Bruce Lawrence Marra President 1 Jan 1995 75% - 100% 2319768
Bruce Laurence Marra President 1 Jan 1995 75% - 100% 2319768
Kevin Francis Funchion Vice president 1 Oct 2000 Other 1973385
Bruce Laurence Marra Chief compliance officer 1 Jan 2002 Other 2319768
Leslie Lee Bear Director 1 Nov 2003 Other 1736090
John H. Spangler Director 1 Nov 2003 Other 4739166
Inc. Arthurs Lestrange Capital Advisors Shareholder 1 Nov 2003 Other 20-0349770
Jerome Michael Adams Director 1 Mar 2007 Other 5304267
Ameriserv Financial Bank Owner 1 Mar 2007 75% - 100% 25-0851535
Craig Gifford Ford Director 1 Mar 2007 Other 4649442
Robert Lester Wise Director 1 Mar 2007 Other 5304281
Allan Raymond Dennison Director 1 Mar 2007 Other 4822572
Jr J Michael Adams Director 1 Mar 2007 Other 5304267
Allan R. Dennison Director 1 Mar 2007 Other 4822572
Craig G Ford Director 1 Mar 2007 Other 4649442
Jeffrey Albert Stopko Director 1 Mar 2007 Other 4376334
Ronald W Virag Director 1 Mar 2007 Other 5304278
Robert L Wise Director 1 Mar 2007 Other 5304281
Allan R Dennison Director 1 Mar 2007 Other 4822572
Marne Luke Desantis Principal 1 May 2008 Other 1309739
James Drew Harrington Principal 1 Jan 2009 Other 4461935
Glenn L. Wilson Director 1 Jan 2010 Other 5774780
Gregor Theodore Young Director 1 Jun 2011 Other 1464396
Steven Michael Krawick President and chief investment officer 1 Jan 2012 Other 4459177
Lisa Wymer Chief compliance officer 1 Jul 2012 Other 4944076
Steven Michael Krawick Director, ceo, president and chief investment officer 1 Apr 2014 Other 4459177
Eric Scott Ludy Chief compliance officer 1 Sep 2014 Other 6394933
Eric S Ludy Chief compliance officer 1 Sep 2014 Other 6394933
Jeffrey Albert Stopko Director 1 Jan 2015 Other 4376334
James Theodore Huerth President & chief executive officer 1 Feb 2016 Other 6631247

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Michael Peter Bova President/ceo 1 Oct 2002 Other 1195169
Inc. Alco Holdings Shareholder 1 Nov 2003 75% - 100% 25-1517277

Based in Johnstown

The principal office where West Chester Capital Advisors Inc performs its advisory services is located at 216 Franklin Street, Johnstown, PA 15901 1911, 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 814-533-5338 or by fax 814-533-5128. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at wccadvisors.com.