Wellington Consulting Services Inc (Chantilly)

Name: Wellington Consulting Services Inc
Address: 14325 Willard Road, Chantilly, VA, 20151 2110
Telephone: 703-802-2300

Wellington Consulting Services Inc is a large advisory firm based in Chantilly. It manages $701.61 million of regulatory assets for 6,779 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 38 other states.

Wellington Consulting Services provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wellington Consulting Services: assets under management

The assets under management (AUM) of Wellington Consulting Services Inc is $701.61 million. The firm's AUM has grown by 1222% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $643.63 million in discretionary accounts and $57.98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $99.65 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $181.2 thousand.

Investments

The firm invests in pooled investment vehicles the most. They account for 75% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wellington Consulting Services Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stephen Michael Lynch serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Stephen Michael Lynch is individuals with 6,694 clients and $554.34 million of assets under management. Among the 10 most similar advisory firms, Wellington Consulting Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $701.61 million for 6,779 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Wellington Consulting Services doesn't advise any private funds.

Careers at Wellington Consulting Services Inc

The company employs 14 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Stephen Michael Lynch has been acting as President since 1 Apr 1992. Peter Everington Jones joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Michael Lynch	President	1 Apr 1992	50% - 75%	1020915
Peter Everington Jones	Secretary/treasurer	1 Apr 1992	50% - 75%	719140
Stephen Douglas Dix	Tpa manager	1 Jan 2002	Other	1700129
Peter Everington Jones	Chief compliance officer	1 Oct 2004	50% - 75%	719140

Based in Chantilly

The principal office where Wellington Consulting Services Inc performs its advisory services is located at 14325 Willard Road, Chantilly, VA 20151 2110, which is also the mailing address of the firm. An additional office of the firm is in Delray Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-802-2300 or by fax 703-802-2317. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at wellington401k.com.