Cookson Peirce Wealth Management

CRD#110729
Investment Advisor Firm

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Learn more about Cookson Peirce Wealth Management

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

    • Overview

    Cookson Peirce Wealth Management is located at 530 William Penn Place, Pittsburgh, PA. The firm employs 16 financial advisors to manage client portfolios and provide financial guidance. Cookson Peirce Wealth Management is not a registered broker-dealer.

    Cookson Peirce Wealth Management oversees $1.9 billion in assets under management across 2,074 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 251 and 500 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, and portfolio management for investment companies. The firm caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at Cookson Peirce Wealth Management is asset-based. The firm has 80 high net worth clients.

    Cookson Peirce Wealth Management is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $1.9 billion

    Number of Advisors

    16

    Disclosures

    No

    Office Location

    530 William Penn Place
    Pittsburgh, PA 15219

    Cookson Peirce Wealth Management by the Numbers

    Total Assets Under Management

    $1.9 billion

    National Average: $8.6 billion
    Total Number of Employees

    24

    National Average: 64
    Total Number of Accounts

    2,074

    National Average: 375,227
    Average Account Size

    $928.0 thousand

    National Average: $23.0 thousand
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    Products and Services

    Cookson Peirce Wealth Management provides a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, and portfolio management for investment companies. In the last fiscal year, Cookson Peirce Wealth Management provided financial planning services to 251-500 of its customers. It is not engaged in selling products or offering services other than investment advisory services to its investment advisory accounts.

    Core Advisor Services

    • 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.

    • 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.

    • Find a firm that offers this service

      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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    Fee Structure

    Fees for financial advisory services largely depend on which service is provided. Fees charged by Cookson Peirce Wealth Management typically consist of the following fee type: asset-based.Wrap fee programs, or the practice of bundling services for a single fee, are provided by Cookson Peirce Wealth Management.

    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

    The company does business with a number of different investors. The company caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, and corporations. Out of its 6 clients, Cookson Peirce Wealth Management's largest client type by number of accounts is retail investors, although it also serves 80 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).

    • High-Net-Worth Individuals* - 8.7%
    • Other Individuals - 80.87%
    • Corporations - 8.37%
    • Charitable Organizations - 2.07%

    * 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

    Cookson Peirce Wealth Management does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Cookson Peirce Wealth Management

    Timothy Johns
    Pittsburgh, PA
    Katharine Perry
    Pittsburgh, PA
    Siegfried Saftner
    Pittsburgh, PA
    Scott Oros
    Pittsburgh, PA
    Christian Papazian
    Naples, FL
    Daniel Meyers
    Pittsburgh, PA
    Scott Cooper
    Pittsburgh, PA
    Beth Williams
    Pittsburgh, PA
    Joshua Beas
    Pittsburgh, PA

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