Winthrop Partners – WNY, LLC, and its related advisors, Winthrop Partners – EPA, LLC and Winthrop Partners
– WPA, LLC, are SEC-registered investment advisors with their principal place of business located in New York.
As used in this brochure, the words “we,” “our,” “us,” the “firms,” and “Winthrop” refers to the three advisors
collectively. The words “you,” “your,” and “client” refer to you as either a client or prospective client of Winthrop.
Winthrop provides investment advisory services to clients, including financial planning and asset management.
Winthrop’s principals are Thomas J. Saunders, R. Brian Werner, and Ryan J. Carney.
Winthrop serves its clients by providing a holistic approach to their financial well-being. The firm’s approach
includes a discovery process to determine the client’s needs and desires based his/her financial assets. The firm
works with clients to develop a financial plan and establish goals, which may include interfacing with clients’
estate, insurance, and tax professionals. Once a financial plan has been established, Winthrop oversees the
management of those assets, maintaining communication with clients throughout the process.
Prior to engaging Winthrop to provide any of the foregoing investment advisory services, the client is required to
enter into one or more written agreements with Winthrop setting forth the terms and conditions under which
Winthrop renders its services (collectively, the “Agreement”).
This Disclosure Brochure describes the business of Winthrop. Certain sections will also describe the activities of
Supervised Persons. Supervised Persons are any of Winthrop’s officers, partners, directors (or other persons
occupying a similar status or performing similar functions), or employees, or any other person who provides
investment advice on Winthrop’s behalf and is subject to Winthrop’s supervision or control.
FINANCIAL PLANNING AND CONSULTING SERVICES
Winthrop may provide its clients with a broad range of comprehensive financial planning and consulting services,
which include cash flow analysis and asset allocation projections related to goals such as retirement income needs,
college funding, retirement travel, savings, and survivor needs. These services are generally offered to all ongoing
investment management clients.
In performing its services, Winthrop is not required to verify any information received from the client or from the
client’s other professionals (e.g., attorney, accountant, etc.) and is expressly authorized to rely on such
information. Winthrop may recommend the services of itself and/or other professionals to implement its
recommendations. Clients are advised that a conflict of interest exists if Winthrop recommends its own services.
The client is under no obligation to act upon any of the recommendations made by Winthrop under a financial
planning or consulting engagement or to engage the services of any recommended professional, including
Winthrop itself. The client retains absolute discretion over all such implementation decisions and is free to accept
or reject any of Winthrop’s recommendations. Clients are advised that it remains their responsibility to promptly
notify Winthrop if there is ever any change in their financial situation or investment objectives for the purpose of
reviewing, evaluating, or revising Winthrop’s previous recommendations and/or services.
INVESTMENT MANAGEMENT SERVICES
Clients can engage Winthrop to manage all or a portion of their assets on a discretionary or non-discretionary
basis. The firm primarily allocates clients’ investment management assets among individual debt and equity
securities, exchange traded funds, and mutual funds (as further described in Item 8 below). Winthrop may provide
advice about any type of investment held in clients' existing portfolios.
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Winthrop also may render non-discretionary investment management services to clients relative to variable
life/annuity products that they may own, on their individual employer-sponsored retirement plans, 529 plans or
other products that may not be held by the client’s primary custodian. In so doing, Winthrop recommends the
allocation of client assets among the various investment options that are available with the product. Client assets
are maintained at the specific insurance company or custodian designated by the product.
Winthrop tailors its advisory services to the individual needs of clients. Winthrop consults with clients initially
and on an ongoing basis to determine risk tolerance, time horizon and other factors that may impact the clients’
investment needs. Winthrop ensures that clients’ investments are suitable for their investment needs, goals,
objectives and risk tolerance.
Clients are advised to promptly notify Winthrop if there are changes in their financial situation or investment
objectives or if they wish to impose any reasonable restrictions upon Winthrop’s management services. Clients
may impose reasonable restrictions or mandates on the management of their account if, in Winthrop’s sole
discretion, the conditions will not materially impact the performance of a portfolio strategy or prove overly
burdensome to its management efforts.
SUBSCRIPTION SERVICE
Winthrop’s subscription service provides clients with financial planning and advice, including goal planning,
education planning for children, budget and debt management and life insurance planning. In providing financial
planning and advice, Winthrop will explore the client’s personal values and review housing options, insurance
policies, family involvement, emergency planning, long term care planning and distribution planning. Where
appropriate, the firm will recommend reallocation of the client’s assets. Winthrop currently only has clients
utilizing the subscription service at Winthrop Partners – WPA, LLC, however, the service is now available at all
Winthrop locations.
AMOUNT OF MANAGED ASSETS
As of the end of the most recent fiscal year, Winthrop actively manages approximately $259,128,919.00 of clients’
assets, in aggregate across the three advisors. Of that amount, approximately $231,219,420.00 is on a
discretionary basis, and approximately $27,909,499.00 is on a non-discretionary basis. Please see below for a
detailed breakdown of the approximate assets managed by each advisor.
Winthrop Partners – WNY, LLC
Total AUM $ 148,104,026.00
Discretionary AUM $ 146,084,203.00
Non-Discretionary AUM $ 2,019,823.00
Winthrop Partners – WPA, LLC
Total AUM $ 68,817,796.00
Discretionary AUM $ 42,928,120.00
Non-Discretionary AUM $ 25,889,676.00
Winthrop Partners – EPA, LLC
Total AUM $ 42,207,097.00
Discretionary AUM $ 42,207,097.00
Non-Discretionary AUM $ 00.00
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