Spellissy Arthur E & Associates Inc (Wayne)


Spellissy Arthur E & Associates Inc is a large advisory firm based in Wayne. It manages $142.86 million of regulatory assets for 108 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Hampshire, New Jersey, and Pennsylvania.

Spellissy Arthur E & Associates provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Spellissy Arthur E & Associates: assets under management

The assets under management (AUM) of Spellissy Arthur E & Associates Inc is $142.86 million. The firm's AUM has gone down by -58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.48 million in discretionary accounts and $139.39 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $868.76 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.34 million.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in government bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Spellissy Arthur E & Associates 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 Donald Wesley Weaver serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Donald Wesley Weaver is high net worth individuals with 52 clients and $122.2 million of assets under management. Among the 9 most similar advisory firms, Spellissy Arthur E & Associates has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $142.86 million for 108 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.

Spellissy Arthur E & Associates doesn't advise any private funds.

Careers at Spellissy Arthur E & Associates Inc

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Donald Wesley Weaver has been acting as President since 1 Nov 1963. Ellen Matteyka Rhine joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Donald Wesley Weaver President 1 Nov 1963 75% - 100% 2681429
Carl Wesley Weaver Vice-president 1 May 1983 Other 4343319
Nancy Johnson Weaver Director 1 Jan 1995 Other 4343325
Ellen Matteyka Rhine Chief compliance officer 1 Jul 2004 Other 4967265
Ellen M Rhine Compliance officer 1 Jul 2004 Other 4967265

Based in Wayne

The principal office where Spellissy Arthur E & Associates Inc performs its advisory services is located at 175 Strafford Ave, Wayne, PA 19087, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-293-0700 or by fax 610-293-0744. The normal business hours are 9:30am - 4:30pm on Monday - Friday.