Wright Investors Service Inc

CRD#106302
Investment Advisor Firm

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Learn more about Wright Investors Service Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Wright Investors Service Inc is located at 2 Corporate Drive, Shelton, CT. The firm employs 9 financial advisors to manage client portfolios and provide financial guidance. Wright Investors Service Inc is not a registered broker-dealer.

    Wright Investors Service Inc oversees $1.3 billion in assets under management across 1,247 accounts, of which 376 are discretionary and 871 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, and publication of newsletters. The firm caters to retail investors, high net worth investors, banking institutions, pension plans, state or municipal government entities, and corporations, with retail investors being the largest client type by accounts. The fee structure at Wright Investors Service Inc includes asset-based and fixed fees. The firm has 21 high net worth clients and maintains affiliations with a broker-dealer or securities dealer.

    Wright Investors Service Inc is registered in the states of California, Connecticut, Florida, Illinois, Nebraska, Nevada, New York, Pennsylvania, and Texas.

    Assets Under Management

    $1.3 billion

    Number of Advisors

    9

    Disclosures

    No

    Office Location

    2 Corporate Drive
    Shelton, CT 06484

    Wright Investors Service Inc by the Numbers

    Total Assets Under Management

    $1.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    20

    National Average: 64
    Total Number of Accounts

    1,247

    National Average: 375,227
    Average Account Size

    $1.0 million

    National Average: $23.0 thousand
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    Products and Services

    Wright Investors Service Inc offers a variety of services, which can include portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers, and publication of newsletters. However, Wright Investors Service Inc did not provide financial planning services to any of its customers in the previous fiscal year. The Firm is not engaged in selling products or offering services aside from investment advice to its investment advisory customers.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Financial advisory fees usually are based on the services offered. Fees charged by Wright Investors Service Inc likely include any blend of the following fee structures: asset-based or fixed. The company participates in a wrap fee program, in which the company offers a bundle of services for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 0% of firms

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company manages money for a broad range of investors. The company works with retail investors, high net worth investors, banking institutions, pension plans, state or municipal government entities, and corporations. Out of its 6 clients, Wright Investors Service Inc's biggest client type by number of accounts is banking institutions, although it also serves 21 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 16.67%
    • Other Individuals - 45.24%
    • Corporations - 38.1%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Wright Investors Service Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Wright Investors Service Inc

    Robert Smith
    Milford, CT
    Stephen Holmes
    Highlands Ranch, CO
    Richard Mcguire
    Shelton, CT
    Mello Van Daalen
    Milford, CT
    Gina Liburdi
    Milford, CT
    Amit Khandwala
    Shelton, CT
    Donald Kunze
    Milford, CT
    Mark Moyher
    Milford, CT

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