Widmann Financial Services
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Overview
Widmann Financial Services is a financial advisory firm located in Bowie, Maryland. Widmann Financial Services administers $302.9 million in assets throughout 841 customer accounts, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). It has a small group, including 8 financial advisors. Widmann Financial Services is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable financial assets such as bonds, stocks and options.
Widmann Financial Services administers 840 of the company's accounts on a discretionary basis. Discretionary management signifies that buy and sell judgments are made by a portfolio manager without needing to seek the customer's authorization. The firm also administers one non-discretionary accounts totaling $840,530 in assets under management. The investment advisory firm supervises roughly $360,185 for each account. An average advisor at Widmann Financial Services manages around 105 client accounts.
The company's central office is located at 4321 Northview Drive, Bowie, Maryland 20716. It is legally permitted to serve clients across a few states, including Delaware, Florida, Maryland, North Carolina, Pennsylvania, Texas and Virginia.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Widmann Financial Services by the Numbers
$302.9 million
8
841
$360.2 thousand
Products and Services
Widmann Financial Services provides multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses and educational seminars. In the past financial year, Widmann Financial Services provided financial planning services to 251-500 of its clients. The firm does not sell products or offer services other than investment advisory services to its investment advisory accounts.
Core Advisor Services
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Offered by 31% of firms
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.
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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
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors typically depend on which services the firm provides the client. Fee types billed by Widmann Financial Services can consist of the following fee structures: asset-based, hourly or fixed. The company does not supply a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company works with retail investors and high net worth investors. Out of its 841 clients, Widmann Financial Services's largest client type by number of accounts is retail investors, though it also manages money for 66 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 14.41%
- Other Individuals - 85.59%
- Corporations - 0%
- 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
Widmann Financial Services does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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