Washburn Capital Management Inc. (Vero Beach)

Name: Washburn Capital Management Inc.
Address: 70 Royal Palm Pointe, Vero Beach, FL, 32960
Telephone: 772 564-7291

Washburn Capital Management Inc. is a large advisory firm based in Vero Beach. It manages $121.06 million of regulatory assets for 366 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Florida, Massachusetts, New Hampshire, North Carolina, and Rhode Island.

Washburn Capital Management 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.

Washburn Capital Management: assets under management

The assets under management (AUM) of Washburn Capital Management Inc. is $121.06 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 219% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $121.06 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $330.76 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 73% of the total AUM. The second-largest asset type is government bonds, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Washburn Capital Management 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 Robert Everett Washburn serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Robert Everett Washburn is high net worth individuals with 38 clients and $87.22 million of assets under management. Among the 13 most similar advisory firms, Washburn Capital Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $120.31 million for 140 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.

Washburn Capital Management doesn't advise any private funds.

Careers at Washburn Capital Management Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Robert Everett Washburn has been acting as President since 1 Jan 1997. David James Washburn joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Everett Washburn	President/chief compliance officer	1 Jan 1997	50% - 75%	1510709
David James Washburn	Vice president	1 Jan 2010	25% - 50%	5090167

Based in Vero Beach

The principal office where Washburn Capital Management Inc. performs its advisory services is located at 70 Royal Palm Pointe, Vero Beach, FL 32960, which is also the mailing address of the firm. An additional office of the firm is in Banner Elk, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 772 564-7291 or by fax 772 564-7295. The normal business hours are 9:00am 5:00pm on Monday - Friday. You can find more information about the New York firm at washburncapital.com.