Laub George Wesley (Buffalo)


Laub George Wesley is a mid-sized advisory firm based in Buffalo. It manages $69.22 million of regulatory assets for 29 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New York.

Laub George Wesley provides portfolio management for individuals and small businesses and portfolio management for retirees. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Laub George Wesley: assets under management

The assets under management (AUM) of Laub George Wesley is $69.22 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $69.22 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.39 million each.

Investments

The firm invests in other assets the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Laub George Wesley 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 Laub George Wesley serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Laub George Wesley is high net worth individuals with 1 clients and $39.47 million of assets under management. Among the 3 most similar advisory firms, Laub George Wesley has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $69.22 million for 20 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.

Laub George Wesley doesn't advise any private funds.

Careers at Laub George Wesley

The company employs 2 people that are either part- or full-time employees. No employees work as investment advisers or researchers. No 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
George Wesley Laub Owner and chief compliance officer 1 Dec 1989 75% - 100% 4329747

Based in Buffalo

The principal office where Laub George Wesley performs its advisory services is located at 424 Main Street, Buffalo, NY 14202, 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 716-852-2725 or by fax 716-852-2725. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at gwlaub.com.