West Chester Capital Advisors Inc (Johnstown)

Name: West Chester Capital Advisors Inc
Address: 216 Franklin Street, Johnstown, PA, 15901 1911
Telephone: 814-533-5338

West Chester Capital Advisors Inc is a large advisory firm based in Johnstown. It manages $842.33 million of regulatory assets for 1,326 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Pennsylvania.

West Chester Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

West Chester Capital Advisors: assets under management

The assets under management (AUM) of West Chester Capital Advisors Inc is $842.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 185% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $842.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $635.24 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 37% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in pooled investment vehicles form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay West Chester Capital Advisors Inc for their services and products based on a percentage of assets under management and performance-based fees. 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 Jerome Michael Adams serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Jerome Michael Adams is high net worth individuals with 9 clients and $42.81 million of assets under management. Among the 11 most similar advisory firms, West Chester Capital Advisors has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $61.44 million for 30 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.

West Chester Capital Advisors doesn't advise any private funds.

Careers at West Chester Capital Advisors Inc

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jerome Michael Adams has been acting as President since 1 Mar 2007. James Theodore Huerth joined the executive team most recently as the President & Chief Executive Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Francis Mckeon	Vice president	1 Jan 1995	Other	2261840
Bruce Lawrence Marra	President	1 Jan 1995	75% - 100%	2319768
Bruce Laurence Marra	President	1 Jan 1995	75% - 100%	2319768
Kevin Francis Funchion	Vice president	1 Oct 2000	Other	1973385
Bruce Laurence Marra	Chief compliance officer	1 Jan 2002	Other	2319768
Leslie Lee Bear	Director	1 Nov 2003	Other	1736090
John H. Spangler	Director	1 Nov 2003	Other	4739166
Inc. Arthurs Lestrange Capital Advisors	Shareholder	1 Nov 2003	Other	20-0349770
Jerome Michael Adams	Director	1 Mar 2007	Other	5304267
Ameriserv Financial Bank	Owner	1 Mar 2007	75% - 100%	25-0851535
Craig Gifford Ford	Director	1 Mar 2007	Other	4649442
Robert Lester Wise	Director	1 Mar 2007	Other	5304281
Allan Raymond Dennison	Director	1 Mar 2007	Other	4822572
Jr J Michael Adams	Director	1 Mar 2007	Other	5304267
Allan R. Dennison	Director	1 Mar 2007	Other	4822572
Craig G Ford	Director	1 Mar 2007	Other	4649442
Jeffrey Albert Stopko	Director	1 Mar 2007	Other	4376334
Ronald W Virag	Director	1 Mar 2007	Other	5304278
Robert L Wise	Director	1 Mar 2007	Other	5304281
Allan R Dennison	Director	1 Mar 2007	Other	4822572
Marne Luke Desantis	Principal	1 May 2008	Other	1309739
James Drew Harrington	Principal	1 Jan 2009	Other	4461935
Glenn L. Wilson	Director	1 Jan 2010	Other	5774780
Gregor Theodore Young	Director	1 Jun 2011	Other	1464396
Steven Michael Krawick	President and chief investment officer	1 Jan 2012	Other	4459177
Lisa Wymer	Chief compliance officer	1 Jul 2012	Other	4944076
Steven Michael Krawick	Director, ceo, president and chief investment officer	1 Apr 2014	Other	4459177
Eric Scott Ludy	Chief compliance officer	1 Sep 2014	Other	6394933
Eric S Ludy	Chief compliance officer	1 Sep 2014	Other	6394933
Jeffrey Albert Stopko	Director	1 Jan 2015	Other	4376334
James Theodore Huerth	President & chief executive officer	1 Feb 2016	Other	6631247

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Peter Bova	President/ceo	1 Oct 2002	Other	1195169
Inc. Alco Holdings	Shareholder	1 Nov 2003	75% - 100%	25-1517277

Based in Johnstown

The principal office where West Chester Capital Advisors Inc performs its advisory services is located at 216 Franklin Street, Johnstown, PA 15901 1911, 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 814-533-5338 or by fax 814-533-5128. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at wccadvisors.com.