Westbourne Investment Advisors provides portfolio management for individuals and small businesses.
Westbourne Investment Advisors reports 203 clients. They include 119 individual clients, 68 high-net-worth individuals and 9 charitable organizations. Of its assets, 100.0% ($449M across 448 accounts) are managed with discretion. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 59% | 9% |
| High-net-worth individuals | 33% | 89% |
| Pension and profit-sharing plans | 3% | 1% |
| Charitable organizations | 4% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 119 | $39.5M | 8.8% | $332K |
| High-net-worth individuals | 68 | $399M | 89.0% | $5.87M |
| Pension and profit-sharing plans | 7 | $6.48M | 1.4% | $926K |
| Charitable organizations | 9 | $3.43M | 0.8% | $381K |
| Total | 203 | $449M | 100% | $2.21M |
- Clients
- 119
- Regulatory AUM
- $39.5M
- AUM share
- 8.8%
- Avg. per client
- $332K
- Clients
- 68
- Regulatory AUM
- $399M
- AUM share
- 89.0%
- Avg. per client
- $5.87M
- Clients
- 7
- Regulatory AUM
- $6.48M
- AUM share
- 1.4%
- Avg. per client
- $926K
- Clients
- 9
- Regulatory AUM
- $3.43M
- AUM share
- 0.8%
- Avg. per client
- $381K
Total
- Clients
- 203
- Regulatory AUM
- $449M
- AUM share
- 100%
- Avg. per client
- $2.21M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
Westbourne Investment Advisors charges up to 1.50% a year for its Advisory Fee Schedule. The fee is billed in advance and is negotiable.
Fee details and sources
Scot Labin owns 50% to 75% of Westbourne Investment Advisors. The leadership team of Westbourne Investment Advisors includes President Scot Labin and Chief Compliance Officer Bruce Kromminga. It has 6 employees.
Leadership
- Scot LabinPresident
- Joseph WilkinsonVice President
- Bruce KrommingaChief Compliance Officer
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 6 in advisory functions
- 6 state-registered reps
- Owns 50% to 75% of Westbourne Investment Advisors Inc.
Scot Labin
Control person · since December 2018
- Owns 25% to 50% of Westbourne Investment Advisors Inc.
Joseph Wilkinson
Control person · since February 2018
Westbourne Investment Advisors’ regulatory assets grew 1.9× from $230M (February 2021) to $449M (March 2026); clients rose from 97 to 203 and employees from 3 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $449M | 203 | 6 | 1 |
| February 2025 | $359M | 189 | 5 | 2 |
| February 2024 | $300M | 165 | 4 | 2 |
| February 2023 | $244M | 166 | 4 | 2 |
| March 2022 | $299M | 148 | 4 | 2 |
| February 2021 | $230M | 97 | 3 | 1 |
Besides its headquarters, Westbourne Investment Advisors has 0 offices, with 1 listed address in Maryland.
Maryland · 1 listed address
- 410 Severn Avenue, Ste 409, AnnapolisHQ
Contact and registration details
- Legal name
- Westbourne Investment Advisors Inc.
- Headquarters
- 410 Severn Avenue, Ste 409, Annapolis, MD 21403
- Website
- westbourneinvadvisors.com
- Phone
- 301-656-9035
- SEC file
- 801-68167
- Founded
- 2007
- Structure
- Virginia corporation
- Fiscal year end
- December
Westbourne Investment Advisors uses Charles Schwab ($417M) as custodian for its separately managed accounts. Westbourne Investment Advisors has custody of $1.68M in client assets for 1 client.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $417M100%
At year end, Westbourne Investment Advisors’ separately managed accounts were mostly in stocks (82%) and bonds (14%). Its reported 13F holdings for the quarter ended 30 June 2026 total $363M across 120 positions; the largest are Alphabet Inc. (7.0%), Apple Inc. (6.9%) and Microsoft Corp. (5.0%).
What the accounts hold
- Stocks82%
- Funds5%
- Bonds14%
- Investment grade corporate bonds11%
- U.S. government and agency bonds1%
- State and local bonds1%
- High-yield corporate bonds1%
- Cash1%
Reported 13F holdings
- $363M
- Reported 13F value
- 120
- Positions
- 46.3%
- In the 10 largest
- +5.7%
- Value vs. prior quarter
- Alphabet Inc. · Cap Stk CL A7.0%
- Apple Inc.6.9%
- Microsoft Corp.5.0%
- Goldman Sachs Group Inc.4.7%
- Meta Platforms Inc. · CL A4.3%
- Morgan Stanley4.0%
- Uber Technologies Inc.3.8%
- Bank America Corp.3.7%
- Valero Energy Corp.3.6%
- Schwab Charles Corp.3.1%
Together, the ten largest are 46.3% of reported value.
How many clients does Westbourne Investment Advisors have?
Westbourne Investment Advisors has 203 clients and manages $449 million for them, as of March 2026. They include 119 individual clients, 68 high-net-worth individuals and 9 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 March 2026
What services does Westbourne Investment Advisors offer?
Westbourne Investment Advisors provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Westbourne Investment Advisors charge?
Westbourne Investment Advisors charges up to 1.50% a year for its Advisory Fee Schedule. The fee is billed in advance and is negotiable.
Source: WESTBOURNE INVESTMENT ADVISORS, INC. PART 2A OF FORM ADV, filed 3 March 2026
Which custodians does Westbourne Investment Advisors use?
Westbourne Investment Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $417M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 March 2026
How many financial advisors does Westbourne Investment Advisors have?
Westbourne Investment Advisors has 6 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Westbourne Investment Advisors invest in?
At the end of its last fiscal year, Westbourne Investment Advisors’ separately managed accounts held 82% exchange-traded equities, 11% investment grade corporate bonds, 5% registered funds (mutual funds, ETFs, BDCs), 1% U.S. government and agency bonds, 1% state and local bonds, 1% high-yield corporate bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Westbourne Investment Advisors?
Westbourne Investment Advisors’ direct owners are Scot Labin (50% to 75%) and Joseph Wilkinson (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 3 March 2026
How does Westbourne Investment Advisors get paid?
Westbourne Investment Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Westbourne Investment Advisors?
Westbourne Investment Advisors’ main office is at 410 Severn Avenue, Ste 409, Annapolis, MD 21403. Its phone number is 301-656-9035. Its website is westbourneinvadvisors.com.