W & S Management Services, Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
W & S Management Services provides discretionary portfolio management and broad financial planning to individuals, trusts, estates and closely held businesses, managing about $166 million for roughly 487 clients through a small team of three advisors. The firm serves both individual and high‑net‑worth clients and primarily charges fees calculated as a percentage of assets under management.
Investment decisions are driven mainly by fundamental analysis using both top‑down and bottom‑up research, and portfolios are typically constructed from publicly traded equities, bonds, ETFs and mutual funds and tailored to clients’ goals, risk tolerance and cash‑flow needs. W & S conducts ongoing monitoring with semiannual written reviews, accepts discretionary authority when authorized, and commonly recommends a major custodial platform for most accounts while using a specialized recordkeeper for 403(b) assets.
What is distinctive about W & S is its operating relationship with an affiliated certified public accounting firm: several principals and an adviser are also employed by or have ownership roles at that accounting practice, the firms share clients and financial interests, and one staff member spends substantial time on tax and audit matters at the accounting firm. The firm also maintains a single legacy performance‑based fee household (under 1% of AUM), is not accepting new performance‑fee accounts, and has specific policies intended to limit conflicts arising from that arrangement.
Client services
Expertise
Fee options
$0 - $1,000,000: 0.75% per annum $1,000,001 - $4,999,999: 0.60% per annum $5,000,000+: 0.50% per annum
Fees billed hourly for consulting, advising, or planning; specific rates negotiated directly with clients
Performance-based fees used only for a single legacy household account (<1% of AUM); fees calculated annually per client-provided schedule; no new performance-based accounts accepted
Main office
See office470 Long Pond Road Suite 200
Rochester NY 14612
Advisors at this office
2
Offices (2)
Most active in
New York
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Salvatore P
CFP®, ChFC®, Series 63
Rochester, NY
W & S Management Services, Inc.
Salvatore Paternico is a CFP® and ChFC® with 11 years of industry experience. He is currently with W & S Management Services, Inc., where he has worked since 2021. Prior to that, he held roles at ESL Investment Services LLC, LPL Financial LLC, and ESL Federal Credit Union. W & S Management Services serves individual investors, high-net-worth individuals, trusts, estates, and closely held businesses with discretionary portfolio management and comprehensive financial planning. The firm emphasizes fundamental analysis and long-term portfolio management, and is closely affiliated with a Certified Public Accounting practice to provide coordinated tax and financial planning support.
Brian W
Series 65
Rochester, NY
W & S Management Services, Inc.
Brian Ward is a Series 65-licensed advisor with W & S Management Services, Inc. in Rochester, NY, bringing 12 years of industry experience. He has been vice president at Ward & Schmerbeck, P.C., a Certified Public Accounting firm, since 1995, where he performs tax accounting work alongside his advisory role. W & S Management Services serves individual investors, high-net-worth individuals, trusts, estates, and closely held businesses with discretionary portfolio management and comprehensive financial planning. The firm integrates fundamental analysis with accounting expertise through its affiliation with Ward & Schmerbeck, offering coordinated tax and financial planning for clients.
Nathan W
Series 65
Richmond, VA
W & S Management Services, Inc.
Nathan Ward is a Series 65-licensed financial advisor with W & S Management Services, Inc. in Richmond, VA, where he has worked since 2015. He has nine years of industry experience. W & S Management Services provides discretionary portfolio management and comprehensive financial planning to individual investors, high-net-worth individuals, trusts, estates, and closely held businesses. The firm emphasizes fundamental analysis and long-term portfolio management, with a distinctive affiliation to a Certified Public Accounting practice that supports coordinated tax and financial planning.
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