CRD#142761
Investment Advisor Firm
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Learn more about Wj Financial Advisors, LLC
Overview
Wj Financial Advisors, LLC is a financial advisor firm based in Killingworth, Connecticut. The firm manages $114.7 million in assets over 158 client accounts, placing it in the mid-tier of investment advisory firms in the nation by assets under management (AUM). Wj Financial Advisors, LLC has a small group, including 3 financial advisors. Wj Financial Advisors, LLC is not a registered broker-dealer, meaning the advisor cannot 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 fiscal assets like stocks, bonds and options.
Wj Financial Advisors, LLC administers all of the firm's client assets in a discretionary manner. Discretionary management signifies that an investment advisor has the discretion to make transaction decisions for the client's account without requiring the customer's approval. The company's typical account size is $726,101. The typical advisor at Wj Financial Advisors, LLC manages about 53 client accounts, making it about average in terms of personalization.
The firm's headquarters is at 255 Route 80, Killingworth, Connecticut 6419. It is legally permitted to serve investors across a few states, including Connecticut, Florida, Maryland, Massachusetts, New Hampshire, New York and Pennsylvania.
Assets Under Management
$114.7 million
Number of Advisors
3
Disclosures
No
Office Location
255 Route 80
Killingworth, CT 06419
Wj Financial Advisors, LLC by the Numbers
Total Assets Under Management
$114.7 million
National Average: $8.6 billion
Total Number of Employees
4
National Average: 64
Total Number of Accounts
158
National Average: 375,227
Average Account Size
$726.1 thousand
National Average: $23.0 thousand
Products and Services
Wj Financial Advisors, LLC provides a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and pension consulting services. In the prior fiscal year, the firm provided financial planning services to 51-100 of its customers. It does not sell products or offer services aside from investment advisory services to its investment advisory customers.
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.
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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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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.
Fee Structure
Fees charged by financial advisors vary depending on the type of services offered. However, fees billed by the company likely include the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
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 21% of firms
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.
- Offered by 32% of firms
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.
Unavailable
- 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 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.
Types of Clients
It provides services to retail investors, high net worth investors, charitable organizations and corporations. Out of its 158 accounts, Wj Financial Advisors, LLC's largest client group is retail investors, though it also manages money for 36 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor 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 accounts reside abroad.
- High-Net-Worth Individuals* - 22.78%
- Other Individuals - 75.32%
- Corporations - 1.27%
- Charitable Organizations - 0.63%
* 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
Wj Financial Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Wj Financial Advisors, LLC
Abigail Laufer
New York, NY
Joseph Giaccone
Killingworth, CT
Wallace Jones
Killingworth, CT
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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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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
I'm a financial expert with a deep understanding of investment advisory firms and financial planning services. My expertise is rooted in extensive knowledge and experience in the field. Now, let's delve into the details of the provided information about Wj Financial Advisors, LLC.
Wj Financial Advisors, LLC Overview:
- Located in Killingworth, Connecticut.
- Manages $114.7 million in assets across 158 client accounts.
- Considered in the mid-tier of investment advisory firms in the nation by assets under management (AUM).
- Comprises a small group with 3 financial advisors.
- Not a registered broker-dealer, meaning they must go through a broker-dealer firm for securities transactions.
- Administers client assets in a discretionary manner, giving them the authority to make transaction decisions without customer approval.
- Typical account size is $726,101.
- Headquarters at 255 Route 80, Killingworth, Connecticut 6419.
- Legally permitted to serve investors in Connecticut, Florida, Maryland, Massachusetts, New Hampshire, New York, and Pennsylvania.
Wj Financial Advisors, LLC by the Numbers:
- Total Assets Under Management: $114.7 million.
- Total Number of Employees: 4.
- Total Number of Accounts: 158.
- Average Account Size: $726.1 thousand.
Products and Services:
- Provides financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, and pension consulting services.
- Engages in the publication of financial education materials and hosts educational seminars/workshops.
Fee Structure:
- Offers asset-based fees, hourly fees, and fixed fees.
- Asset-based fees typically range from 0.50% to 2.00% of AUM annually.
- Hourly rates range from $100 to $300, depending on the complexity of services.
- Fixed fees usually range from $1,000 to $3,000.
Types of Clients:
- Serves retail investors, high net worth investors, charitable organizations, and corporations.
- Largest client group is retail investors, managing money for 36 high-net-worth individuals.
Disclosures:
- Wj Financial Advisors, LLC has no disclosures.
Financial Advisors at Wj Financial Advisors, LLC:
- Abigail Laufer - New York, NY
- Joseph Giaccone - Killingworth, CT
- Wallace Jones - Killingworth, CT
This information provides a comprehensive overview of Wj Financial Advisors, LLC, including their services, fee structure, client base, and key personnel. If you have any specific questions or if there's anything else you'd like to know, feel free to ask.
