Winfield Associates Inc (Cleveland)

Name: Winfield Associates Inc
Address: 700 West St Clair Avenue, Cleveland, OH, 44113
Telephone: 216-241-2575

Winfield Associates Inc is a large advisory firm based in Cleveland. It manages $212.5 million of regulatory assets for 509 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Maryland, and 8 other states.

Winfield Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Winfield Associates: assets under management

The assets under management (AUM) of Winfield Associates Inc is $212.5 million. The firm's AUM has grown by 400% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $212.34 million in discretionary accounts and $157.97 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $418 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $157.97 thousand.

Winfield Associates has custody of $61.91 million in cash and securities for 72 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in state and local bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Winfield Associates Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Thomas Winfield Baker serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thomas Winfield Baker is high net worth individuals with 78 clients and $156.17 million of assets under management. Among the 11 most similar advisory firms, Winfield Associates has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $212.5 million for 201 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.

Winfield Associates doesn't advise any private funds.

Careers at Winfield Associates Inc

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Thomas Winfield Baker has been acting as President since 1 Nov 1997. William Winfield Baker joined the executive team most recently as the Chairman Of The Board Of Directors.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Winfield Baker	President & ceo	1 Nov 1997	50% - 75%	10976
Christopher William Baker	Chief financial officer/ chief compliance officer	1 Nov 1997	25% - 50%	4378171
Thomas Winfield Baker	Director	1 Nov 1997	Other	4378173
Donna Morgan Holland	Vice president	1 Nov 1997	Other	1464065
Curtis William Gordinier	Executive vice president	1 Jul 2002	Other	2996931
Mark Quien Haley	Vice president	1 Jul 2015	Other	4326879
William Winfield Baker	Chairman of the board of directors	1 Apr 2019	50% - 75%	10976
Christopher William Baker	President, chief executive officer, chief investment officer, treasurer, and chief compliance officer	1 Apr 2019	25% - 50%	4378171
Thomas Winfield Baker	Secretary	1 Apr 2019	Other	4378173
Mark Quien Haley	Executive vice president	1 Apr 2019	Other	4326879

Based in Cleveland

The principal office where Winfield Associates Inc performs its advisory services is located at 700 West St Clair Avenue, Cleveland, OH 44113, which is also the mailing address of the firm. An additional office of the firm is in San Diego, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 216-241-2575 or by fax 216-241-4774. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at winfieldinc.com.