WestPoint Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 26–50 clients last fiscal year.
WestPoint Wealth Management reports 582 clients. They include 541 individual clients and 41 high-net-worth individuals. Of its assets, 39.6% ($42M across 82 accounts) are managed with discretion; $64M across 728 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 93% | 38% |
| High-net-worth individuals | 7% | 62% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 541 | $40M | 37.7% | $73.9K |
| High-net-worth individuals | 41 | $66M | 62.3% | $1.61M |
| Total | 582 | $106M | 100% | $182K |
- Clients
- 541
- Regulatory AUM
- $40M
- AUM share
- 37.7%
- Avg. per client
- $73.9K
- Clients
- 41
- Regulatory AUM
- $66M
- AUM share
- 62.3%
- Avg. per client
- $1.61M
Total
- Clients
- 582
- Regulatory AUM
- $106M
- AUM share
- 100%
- Avg. per client
- $182K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
WestPoint Wealth Management is paid through a percentage of assets under management, fixed fees (other than subscription fees), commissions and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- ERISA Plan Services
- Plan set-up fee of $500 to $2,500, plus an annual fee on Included Assets that will not exceed 1%; negotiable.
- Financial Planning
- Fixed fee between $0 and $15,000 based on complexity; 50% billed in advance with the balance due on delivery.
David Herwerden owns 75% or more of WestPoint Wealth Management. It has 9 employees.
Leadership
- David HerwerdenMember/CCO
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
Staff
- 9 employees
- 9 in advisory functions
- 9 state-registered reps
- 1 broker-dealer rep
- 9 insurance agents
- Owns 75% or more of Westpoint Wealth Management, LLC
David Herwerden
Control person · since April 2024
Besides its headquarters, WestPoint Wealth Management has 3 offices, with 4 listed addresses in Ohio.
Ohio · 4 listed addresses
- 56 Front St, BereaHQ
- 4139 Erie Street, Willoughby
- 7155 Pearl Road, Middleburg Heights
- 30980 Lorain Road, North Olmstead
Other business names
WestPoint Wealth Management has reported 3 other business names to the SEC.
- Beach Retiremeent Group
- Noe Financial Services, Inc.
- Triphase: Planning, Investments & Insurance
Contact and registration details
- Legal name
- Westpoint Wealth Management, LLC
- Headquarters
- 56 Front St, Berea, OH 44017
- Website
- westpointwealth.com
- Phone
- 216-434-4055
- @westpoint-wealth-management-llc
- SEC file
- 801-136605
- Structure
- Ohio LLC
- Fiscal year end
- December
WestPoint Wealth Management uses Charles Schwab ($63.6M, 63%) and SEI Investments Distribution ($38M, 37%) as custodians for its separately managed accounts. WestPoint Wealth Management does not have custody of client assets.
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $38M37%
- Charles SchwabCharles Schwab · Westlake, TX · $63.6M63%
At year end, WestPoint Wealth Management’s separately managed accounts were mostly in funds (55%) and stocks (38%).
What the accounts hold
- Stocks38%
- Funds55%
- Bonds4%
- Investment grade corporate bonds3%
- State and local bonds1%
- Cash3%
How many clients does WestPoint Wealth Management have?
WestPoint Wealth Management has 582 clients and manages $106 million for them, as of July 2026. They include 541 individual clients and 41 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 July 2026
What services does WestPoint Wealth Management offer?
WestPoint Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does WestPoint Wealth Management use?
WestPoint Wealth Management’s separately managed account assets are held at Charles Schwab (Westlake, TX), with $63.6M and SEI Investments Distribution Co. (Oaks, PA), with $38M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 July 2026
How many financial advisors does WestPoint Wealth Management have?
WestPoint Wealth Management has 9 investment adviser representatives registered with state securities authorities, out of 9 employees, and 9 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 9 employees are 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 WestPoint Wealth Management invest in?
At the end of its last fiscal year, WestPoint Wealth Management’s separately managed accounts held 55% registered funds (mutual funds, ETFs, BDCs), 38% exchange-traded equities, 3% investment grade corporate bonds, 3% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns WestPoint Wealth Management?
WestPoint Wealth Management’s direct owner is David Herwerden (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 July 2026
How does WestPoint Wealth Management get paid?
WestPoint Wealth Management is paid through a percentage of assets under management, fixed fees, commissions and other compensation. Its Form ADV lists no 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 WestPoint Wealth Management?
WestPoint Wealth Management’s main office is at 56 Front St, Berea, OH 44017. Its phone number is 216-434-4055. Its website is westpointwealth.com.