Westchester Capital Partners, LLC

CRD#135955
Investment Advisor Firm

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Learn more about Westchester Capital Partners, LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • Office Locations
  • Overview

    Westchester Capital Partners, LLC operates as a financial advisor company located in Valhalla, New York. The firm oversees $62.5 million in assets over three accounts. Westchester Capital Partners, LLC does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are tradable fiscal investments like options, bonds and equities.

    Westchester Capital Partners, LLC administers all of the company's client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make transaction decisions for the client's account without requiring the client's approval. The firm's typical account size is $20.8 million.

    Westchester Capital Partners, LLC's headquarters is located at 100 Summit Lake Drive, Valhalla, New York 10595-1339.

    Assets Under Management

    $62.5 million

    Disclosures

    No

    Office Location

    100 Summit Lake Drive
    Valhalla, NY 10595-1339

    Westchester Capital Partners, LLC by the Numbers

    Total Assets Under Management

    $62.5 million

    National Average: $8.6 billion
    Total Number of Accounts

    3

    National Average: 375,227
    Average Account Size

    $20.8 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors vary depending on which service is offered. However, fee types billed by Westchester Capital Partners, LLC likely are comprised of any blend of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Westchester Capital Partners, 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.

    • Offered by 26% of firms

      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.

    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 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

    It provides services to pooled investment vehicles. Out of its three accounts, Westchester Capital Partners, LLC's biggest client type by number of accounts is pooled investment vehicles. About 67% of the firm's accounts are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • 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

    Westchester Capital Partners, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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