Wesbanco Securities, Inc

CRD#43276
Investment Advisor Firm

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Learn more about Wesbanco Securities, Inc

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

    • Overview

    Wesbanco Securities, Inc is an advisory firm that has its headquarters in Saint Clairsville, Ohio. It handles $131.0 million in assets under management across 888 accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). Wesbanco Securities, Inc has a large group, including 26 financial advisors. Wesbanco Securities, Inc is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its clients' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like options, bonds and stocks.

    Wesbanco Securities, Inc administers the majority of the firm's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell decisions without needing to seek client consent. It also oversees 274 non-discretionary accounts totaling $54.6 million in assets. Wesbanco Securities, Inc oversees roughly $147,548 in assets for each client account. The average financial advisor at Wesbanco Securities, Inc oversees about 34 client accounts, making it about average in terms of personalization.

    The firm's headquarters is at 135 W Main Street, Saint Clairsville, Ohio 43950. It is legally allowed to serve investors throughout 21 U.S. states and territories.

    Assets Under Management

    $131.0 million

    Number of Advisors

    26

    Disclosures

    No

    Office Location

    135 W Main Street
    Saint Clairsville, OH 43950

    Wesbanco Securities, Inc by the Numbers

    Total Assets Under Management

    $131.0 million

    National Average: $8.6 billion
    Total Number of Employees

    101

    National Average: 64
    Total Number of Accounts

    888

    National Average: 375,227
    Average Account Size

    $147.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Wesbanco Securities, Inc provides multiple services, which can consist of financial planning services, portfolio management for individuals and small businesses and selection of other advisers. In the prior financial year, Wesbanco Securities, Inc provided 51-100 of its customers with financial planning services. The company is engaged in selling products or offering services other than investment advisory services to its customers. Wesbanco Securities, Inc is also affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, trust company and insurance company or agency.

    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

    • 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

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

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    Fee Structure

    A financial advisor's fees typically are based on which services are provided. Fees charged by the company typically consist of the following fee type: asset-based. The firm does 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.

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    Types of Clients

    The firm works with retail investors and high net worth investors. Out of its 888 customers, Wesbanco Securities, Inc's biggest client type is retail investors, but it also serves 163 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 is considered 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* - 18.36%
    • Other Individuals - 81.64%
    • 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

    Wesbanco Securities, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Wesbanco Securities, Inc

    Cynthia Simpson
    Wheeling, WV
    Vicki Wiley
    Wheeling, WV
    Paul Curnes
    Wheeling, WV
    Kelsie Dunbar
    Wheeling, WV
    Mark Philpott
    Wheeling, WV
    Loren Glaser
    Bowie, MD
    Robert Dummer
    Beaver Falls, PA
    Seth White
    Wheeling, WV
    Adam Morris
    Wheeling, WV

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