The Wescott Group

What The Wescott Group does

The Wescott Group, operating through its legal entity Wescott Financial Advisory Group LLC, is a Philadelphia-based SEC-registered investment adviser founded in 1987 by Grant Rawdin. The firm provides fiduciary wealth management and financial advisory services to more than 500 high-net-worth and ultra-high-net-worth families and institutions, managing approximately $3.5 billion in assets under management. Its service portfolio spans investment management, financial planning, business planning, tax planning, estate planning, financial consulting, pension consulting, asset allocation, family office solutions, and trust services, delivered on both discretionary and non-discretionary bases subject to minimum account value thresholds.

The firm's operating model is fee-only, generating revenue through AUM-based fees for ongoing wealth management and fixed or hourly fees for standalone planning engagements, with no commissions or product sales. Its technology stack centers on the proprietary myWescottVault® secure client portal (2-Factor Authentication, 256-bit SSL encryption, non-transactional design), the Life-Minded Wealth® advisory methodology that integrates financial and emotional considerations, and the PerfectScore® client experience program, supported by administrative and security infrastructure from leading third-party custodians. A long-standing affiliation with Duane Morris LLP (AMLaw Top 100) extends infrastructure and a 30-office virtual footprint. Wescott maintains a multi-disciplinary team of 70+ professional designations (CFPs, CPAs, CFAs, MBAs, JDs, Ph.D.s) and operates from Philadelphia, Harleysville, Miami, and additional national satellite locations. B Corp Certification (May 2020, 100.7 B Impact Score) and consistent placement on Barron's, Forbes, and CNBC advisor rankings reflect an institutional-quality operating posture, and current stated strategy emphasizes inorganic growth via acquisition of sub-$1B AUM RIAs and team lift-outs in Pennsylvania, Florida, and California markets.

Name

The Wescott Group

Legal name

Wescott Financial Advisory Group LLC

Website

https://wescott.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

The Wescott Group is a Philadelphia-based SEC-registered investment adviser founded in 1987, providing fee-only wealth management, financial planning, tax, estate, and family office services to more than 500 high-net-worth and ultra-high-net-worth families and institutions across approximately $3.5 billion in assets under management.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (52394), Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (525920)

SIC

Investment Advice (6282)

akta.pro primary industry

Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF)

akta.pro secondary industries

Family Office Advisory & Outsourced CIO (OCIO) (FSAAADAC), Personal Trust & Fiduciary Administration (FSAEAKAA), Trust & Estate Tax Planning & Compliance (FSAEAKAE), Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

Keywords

• Wealth management services
• Fiduciary financial planning
• Investment advisory services
• Family office solutions
• Estate and tax planning

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Assets Under Management (AUM) Fees: Wescott charges fees based upon assets under management for investment management services, wealth management services, family office solution services, trustee services and pension consulting services. The firm operates on a fee-only basis with no commissions or product sales conflicts.
2. Fixed and Hourly Fees: Wescott charges fixed or hourly fees for financial planning, business planning, tax planning, estate planning, financial consulting, and asset allocation services.
3. Administrative Support Services: Wescott receives administrative support, computer software, related systems support, and other third-party support from custodians they recommend, which creates operational support for client accounts.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

The Wescott Group provides fee-only fiduciary wealth management and financial advisory services to more than 500 high-net-worth and ultra-high-net-worth families and institutions, managing approximately $3.5 billion in assets under management. Its core service portfolio includes investment management, comprehensive financial planning, tax planning, estate planning, business planning, family office solutions, trustee services, and pension consulting, delivered through its proprietary Life-Minded Wealth® approach and supported by a digital portal (myWescottVault®), a client experience program (PerfectScore®), and a branded investment solution (MRK Powered by Wescott).

Product overview

Wescott Financial Advisory Group LLC is a Philadelphia-based independent registered investment adviser (RIA) providing comprehensive financial consulting and wealth management services to high-net-worth individuals, families, and institutions. Founded in 1987, the firm serves over 500 clients and manages approximately $3.5 billion in assets under management. The firm's service portfolio centers on investment management and financial planning, delivered through proprietary digital platforms including myWescottVault® (secure client portal), alongside comprehensive offerings encompassing financial planning, business planning, tax planning, estate planning, trust services, family office solutions, and pension consulting. The firm is distinguished by its Life-Minded Wealth® advisory methodology that integrates financial strategy with personal values and life goals, supported by a multi-disciplinary team of credentialed professionals including CFPs, CPAs, CFAs, MBAs, JDs, and PhDs. Additional offerings include MRK Powered by Wescott and the PerfectScore® client experience program.

Differentiator

Problem solved

Functional benefit

Brands

• MRK Powered by Wescott: A platform or service offering powered by Wescott's wealth management expertise.
• myWescottVault
• Life-Minded Wealth
• PerfectScore

Products and services

• Investment Management Services

Quantifiable outcome

• B Impact Score of 100.7 points (80 required) for B Corp Certification
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core, flagship and minor.

• Duane Morris LLPcoreStrategic or Co-development PartnerWescott grew from the tax, business and estate services Grant Rawdin provided at Duane Morris LLP, an AMLaw Top 100 law firm. Wescott continues its long-time affiliation with Duane Morris and its network of 30 offices, providing infrastructure and virtual footprint for expansion around the United States. Wescott also leverages Duane Morris's robust network infrastructure, security and personnel for constant monitoring from potential outside threats.
• Fidelity Clearing & CustodycoreTechnology or IntegrationGrant Rawdin is a member of the Fidelity Clearing & Custody RIA Segment Advisor Council, indicating a strategic relationship for custody and clearing services.
• Urban Affairs CoalitionflagshipOthersGrant Rawdin serves as Chair Emeritus and Vice Chair of UAC's Board of Directors (served as Chair from 2009-2018). UAC is a nationally known organization with budget of more than $55 Million, staff of over 400, and 70 community programs impacting over 200,000 people annually in the Philadelphia region. Wescott serves as major sponsor of annual fundraiser and provides strategic leadership.
• Uplift Center for Grieving ChildrencoreOthersWescott provides financial support through sponsorship of Uplift's major fundraisers and team volunteers at events. Dave Lafferty serves as Board Member. Uplift is the leading developer and provider of programs to support children in Philadelphia who are grieving, operating 200+ support groups.
• National Multiple Sclerosis SocietyminorOthersWescott team participates in Bike MS events, the National MS Society's largest fundraising bike series. The firm has a dedicated Volunteer Time Off (VTO) Program supporting charitable endeavors. Over four years, the team has raised nearly $19,000 for the cause.
• The Barnes FoundationminorOthersGrant Rawdin is a member of the Professional Advisors Council of The Barnes Foundation, a world-renowned art museum in Philadelphia.
• Philadelphia EaglesminorStrategic or Co-development PartnerUplift Center for Grieving Children partnered with Philadelphia Eagles who generously granted $35,000 to fund development of programs for frontline COVID-19 responders.
• School District of PhiladelphiaminorStrategic or Co-development PartnerUplift Center for Grieving Children partnered with School District of Philadelphia to launch the Philly HopeLine (1-833-PHL-HOPE) supporting children and families dealing with loss, stress and crises.
• Financial Industry CustodianscoreTechnology or IntegrationWescott works with the industry's leading financial custodians who have access to the latest technologies and superior IT personnel. These institutions continually make significant investments into their security networks to ensure client information is inaccessible to cyber criminals. Wescott receives administrative support, computer software, and systems support from custodians.
• CFP Board Center for Financial PlanningcoreStrategic or Co-development PartnerGrant Rawdin is a founding and current member of the Advisory Council of the CFP Board Center for Financial Planning, focusing on Diversity and Inclusion, Talent Pipeline and Knowledge for Practice.
• National Association of Personal Financial Advisors (NAPFA)coreStrategic or Co-development PartnerMultiple Wescott team members hold leadership roles in NAPFA: Lydia Sheckels served as National Chair of NAPFA Board of Directors (2020/2021 term) and is now National Board's Chair Emeritus. Susan Green serves as Chair of NAPFA's Northeast/Mid-Atlantic Region Board. Wescott advisors are active members committed to fee-only fiduciary standards.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Cresset Capital: Independent family office and RIA serving HNW/UHNW clients with investment management, trust, and family office services. Comparable on UHNW focus, comprehensive service model, and family-office positioning.
• Cerity Partners: Independent wealth management firm serving UHNW families with investment advisory, tax planning, and family office services. Comparable on UHNW focus, fee-only fiduciary model, and integrated planning and investment capabilities.
• Mariner Wealth Advisors: Independent RIA serving HNW/UHNW clients with comprehensive financial planning, investment management, and family office services. Comparable on fee-only model, HNW client focus, and active acquisition strategy to scale AUM.
• Brown Brothers Harriman Wealth Management: Wealth management arm of Brown Brothers Harriman serving HNW families with investment advisory, trust, and estate services. Comparable on fiduciary positioning, trust and estate services, and HNW/UHNW client focus.
• Tiedemann Advisors: Independent wealth advisor and family office serving HNW/UHNW families and foundations with investment management and advisory services. Comparable on UHNW/HNW focus, fee-only structure, and emphasis on multi-generational planning.
• Bessemer Trust: Privately held multi-family office serving UHNW families with investment management, trust, and family office services. Directly comparable given HNW/UHNW concentration, fee-only fiduciary model, and emphasis on multi-generational planning.
• Glenmede: Philadelphia-headquartered independent RIA and trust company serving HNW/UHNW families and institutions with investment management, trust, and family office services. Direct peer given shared Philadelphia base, HNW/UHNW focus, and multi-generational wealth management offerings.
• Aspiriant: Independent RIA focused on HNW clients with financial planning, investment management, and tax services. Comparable given HNW client focus, fee-only fiduciary model, and integrated wealth planning offerings.
• Pitcairn: Multi-family office and RIA serving HNW/UHNW families with investment management, trust, and family office solutions. Comparable given similar client segment, fiduciary fee-only model, and integrated wealth services.

Broad incumbents

• Fidelity Wealth Services: Large incumbent wealth management arm of Fidelity offering investment advisory and financial planning to HNW clients. Comparable on investment advisory services and custody partnership signals (Wescott's Grant Rawdin sits on Fidelity's RIA Segment Advisor Council), but at much greater scale and broader market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/wescott-financial-advisory-group-llc-205803882773272
• LinkedInlinkedin.com/company/1506465
• Xx.com/wescottfin

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Wescott Group