Wbi Investments, LLC

CRD#106336
Investment Advisor Firm

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Overview

Wbi Investments, LLC is a financial advisor company that has its headquarters in Red Bank, New Jersey. It controls $581.8 million in assets under management throughout 1,569 accounts, making it one of the bigger investment advisory firms in the country by assets under management (AUM). Wbi Investments, LLC has a small group, including 10 financial advisors. Wbi Investments, LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial investments such as bonds, equities and options.

Wbi Investments, LLC manages all of its client assets in a discretionary manner. Discretionary management means that transaction decisions are made by an investment advisor without requiring the customer's approval. The advisory firm's typical account size is $370,782. The typical financial advisor at Wbi Investments, LLC manages around 157 client accounts.

Wbi Investments, LLC's central office is at One River Centre - 331 Newman Springs Road, Red Bank, New Jersey 7701. The firm is legally permitted to provide services to customers throughout 35 U.S. states and territories.

Assets Under Management

$581.8 million

Number of Advisors

10

Disclosures

No

Office Location

One River Centre - 331 Newman Springs Road
Red Bank, NJ 07701

Wbi Investments, LLC by the Numbers

Total Assets Under Management

$581.8 million

National Average: $8.6 billion
Total Number of Employees

22

National Average: 64
Total Number of Accounts

1,569

National Average: 375,227
Average Account Size

$370.8 thousand

National Average: $23.0 thousand
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Products and Services

Wbi Investments, LLC offers multiple services, which can consist of portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutional clients, selection of other advisers, publication of newsletters, market timing services and educational seminars. It does sell products or offer services aside from investment advisory services to its clients. The firm is affiliated with a number of other service providers in the financial services industry, including with an insurance company or agency.

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.

  • Offered by 0% of firms

    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.

  • Offered by 6% of firms

    Educational Seminars/Workshops

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

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Fee Structure

Fees for financial management largely vary depending on which services the firm provides the client. Fees billed by Wbi Investments, LLC typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Wbi Investments, LLC.

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.

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 0% of firms that offer this fee type

    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.

  • Find one of the 32% of firms that offer this fee type

    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.

  • 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

Wbi Investments, LLC works with a number of different clients. Wbi Investments, LLC caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 1,569 customers, Wbi Investments, LLC's largest client group by number of accounts is retail investors, but it also caters to 66 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered 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* - 6.33%
  • Other Individuals - 91.84%
  • Corporations - 1.06%
  • Charitable Organizations - 0.77%

* 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

Wbi Investments, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Wbi Investments, LLC

Steven Van Solkema
Red Bank, NJ
Robert Morgan
Red Bank, NJ
Richard Kundracik
Red Bank, NJ
Matthew Schreiber
Red Bank, NJ
Jason Thostesen
Red Bank, NJ
William Gerics
Red Bank, NJ
Robert Confessore
Red Bank, NJ
Donald Schreiber
Red Bank, NJ

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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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