David Wendell Associates, Inc
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Learn more about David Wendell Associates, Inc
David Wendell Associates, Inc operates as a financial advisory firm located in Portsmouth, New Hampshire. It has $1.3 billion in assets under management over 476 accounts, making it one of the bigger investment advisory firms in the United States by assets under management (AUM). The company has a small group, including 5 financial advisors. David Wendell Associates, Inc is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial investments such as stocks, options and bonds.
David Wendell Associates, Inc oversees more than half of its client assets in a discretionary manner. Discretionary management is a structure in which transaction judgments are made by an investment advisor without requiring the customer's permission. David Wendell Associates, Inc also has 53 non-discretionary accounts with a total of $178.6 million in assets under management. The company manages about $2.7 million for every client account. An average advisor at David Wendell Associates, Inc oversees around 95 client accounts.
David Wendell Associates, Inc’s headquarters is located at 2Nd Floor, Portsmouth, New Hampshire 3801. The firm is allowed to serve customers throughout 16 U.S. states and territories.
Assets Under Management
Number of Advisors
David Wendell Associates, Inc by the Numbers
Financial management fees typically are based on which services are provided. However, fee types charged by David Wendell Associates, Inc can include the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.
Offered by 70% of firms
Percentage of AssetsShow 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 33% of firms
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.
Find one of the 21% of firms that offer this fee type
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
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
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 0% of firms that offer this fee type
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.
Find one of the 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
The company caters to retail investors, high net worth investors and charitable organizations. Out of its 476 accounts, David Wendell Associates, Inc's biggest client group by number of accounts is retail investors, although it also manages money for 226 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 at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 48.09%
- Other Individuals - 48.72%
- Corporations - 0%
- Charitable Organizations - 3.19%
* 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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David Wendell Associates, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at David Wendell Associates, Inc
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