Weber, Steven Ira (Bluffton)

Name: Weber, Steven Ira
Address: 36 William Pope Dr Ste 201, Bluffton, SC, 29909
Telephone: 843-705-5544

Weber, Steven Ira is a large advisory firm based in Bluffton. It manages $144.6 million of regulatory assets for 245 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of South Carolina.

Weber, Steven Ira provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Weber, Steven Ira: assets under management

The assets under management (AUM) of Weber, Steven Ira is $144.6 million. The firm's AUM has grown by 281% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $142.95 million in discretionary accounts and $1.65 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $680.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $47.14 thousand.

Investments

The firm invests in non-exchange traded securities the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 26% of the firm’s portfolio. Investments in government bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Weber, Steven Ira for their services and products based on a percentage of assets under management and fixed 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 Weber, Steven Ira serves?

The only and largest group of clients of Weber, Steven Ira is individuals with 245 clients and $144.6 million of assets under management. Among the 9 most similar advisory firms, Weber, Steven Ira has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $144.6 million for 245 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.

Weber, Steven Ira doesn't advise any private funds.

Careers at Weber, Steven Ira

The company employs 3 people that are either part- or full-time employees. 67 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Ira Weber	Chief compliance officer	1 Apr 1997	75% - 100%	1391661

Based in Bluffton

The principal office where Weber, Steven Ira performs its advisory services is located at 36 William Pope Dr Ste 201, Bluffton, SC 29909 The mailing address of the firm is 8 Lafayette Pl, Hilton Head Island, SC 29926. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 843-705-5544 or by fax 843-705-5566. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at thebedminstergroup.com.