Leesport Wealth Management, LLC (Wyomissing)

Name: Leesport Wealth Management, LLC
Address: 1240 Broadcasting Road, Wyomissing, PA, 19610
Telephone: 610-372-7737

Leesport Wealth Management, LLC is a large advisory firm based in Wyomissing. It manages $32.31 million of regulatory assets for 262 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Pennsylvania.

Leesport Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Leesport Wealth Management: assets under management

The assets under management (AUM) of Leesport Wealth Management, LLC is $32.31 million. The firm's AUM has gone down by -15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $22.04 million in discretionary accounts and $10.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $97.54 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $285.3 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Leesport Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Leesport Wealth Management, LLC

Michael S Flanagan has been acting as President since 1 Sep 2002. Frank C. Melewski joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Keith Windsor Johnson	President, ceo, director	1 Jul 1987	Other	1142260
Richene Ruth Johnson	Sr.vice president operations & compliance	1 Jul 1987	Other	1747765
Raymond H Melcher	Chairman, board of directors	1 Oct 1999	Other	4587548
Leesport Bank	Owns 100% of leesport wealth management, inc.	1 Oct 1999	75% - 100%	23-0581410
Michael S Flanagan	Director	1 Sep 2002	Other	4594882
John T Connelly	Director	1 Apr 2003	Other	2308278
Stephen A Murray	Treasurer	1 Apr 2003	Other	3251178
Andrew Joseph Kuzneski	Director	1 Apr 2003	Other	1170883
Jenette L Eck	Secretary	1 Apr 2003	Other	4760258
Frank C. Melewski	Director	1 Sep 2003	Other	4760256

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Leesport Financial Corp.	Financial holding company owning 100% of leesport bank	1 Oct 1999	75% - 100%	23-2354007

Based in Wyomissing

The principal office where Leesport Wealth Management, LLC performs its advisory services is located at 1240 Broadcasting Road, Wyomissing, PA 19610 The mailing address of the firm is Po Box 6287, Wyomissing, PA 19610. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-372-7737 or by fax 610-372-8463. The normal business hours are 9:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at www.leesportwealth.com; www.leesportbank.com.