Pwa Financial

CRD#165369
Investment Advisor Firm

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Learn more about Pwa Financial

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

    • Overview

    Pwa Financial operates as a financial advisor firm located in Newtown, Pennsylvania. The company oversees $205.7 million in total assets across 889 customer accounts, making it a mid-tier financial advisory firm in the country by assets under management (AUM). It has a small group, including 3 financial advisors. Pwa Financial 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 defined as tradable financial assets such as options, bonds and equities.

    Pwa Financial manages all of the company's client assets on a discretionary basis. Discretionary management signifies that transaction judgments for the client's account are made by a portfolio manager without needing to seek the client's permission. The advisory firm's average account size is $231,385. The average advisor at Pwa Financial manages around 296 client accounts.

    The company's headquarters is at 503 E Washington Ave., Newtown, Pennsylvania 18940. The firm is permitted to serve clients across 5 states, including Florida, New Jersey, New York, Pennsylvania and Texas.

    Assets Under Management

    $205.7 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    503 E Washington Ave.
    Newtown, PA 18940

    Pwa Financial by the Numbers

    Total Assets Under Management

    $205.7 million

    National Average: $8.6 billion
    Total Number of Employees

    5

    National Average: 64
    Total Number of Accounts

    889

    National Average: 375,227
    Average Account Size

    $231.4 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Fees for financial management largely depend on which services the firm provides the client. However, fees charged by the company typically consist of the following fee type: asset-based. The company does not participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

    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.

    Back to Overview

    Types of Clients

    It caters to retail investors and high net worth investors. Out of its 889 clients, Pwa Financial's largest client is retail investors, though it also serves 41 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 9.19%
    • Other Individuals - 90.81%
    • 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

    Pwa Financial does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Pwa Financial

    Michael Carlucci
    Newtown, PA
    Kenneth Coniglio
    Newtown, PA
    Christopher Mcnesby
    Newtown, PA

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