Wasatch Advisors Inc (Salt Lake City)

Name: Wasatch Advisors Inc
Address: 505 Wakara Way, Salt Lake City, UT, 84108
Telephone: 801-533-0777

Wasatch Advisors Inc is a large advisory firm based in Salt Lake City. It manages $14.28 billion of regulatory assets for 163 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Wasatch Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and provide model portfolio data to clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wasatch Advisors: assets under management

The assets under management (AUM) of Wasatch Advisors Inc is $14.28 billion. The firm's AUM has grown by 592% since the beginning of its operation, and $1.83 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $14.05 billion in discretionary accounts and $227.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $86.74 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $227.83 million.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wasatch Advisors Inc for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Samuel Spencer Stewart serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Samuel Spencer Stewart is investment companies with 17 clients and $7.62 billion of assets under management. Among the 5 most similar advisory firms, Wasatch Advisors has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $14.28 billion for 163 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Wasatch Advisors doesn't advise any private funds.

Careers at Wasatch Advisors Inc

The company employs 77 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 31 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Samuel Spencer Stewart has been acting as President since 1 Sep 1975. Roger David Edgley joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Samuel Spencer Stewart	Chairman	1 Sep 1975	Other	1817659
Jeffrey Stewart Cardon	President, chief executive officer, treasurer, director	1 Sep 1980	Other	2298025
Roy Soren Jespersen	Vice president, director	1 Oct 1983	Other	2299398
Robert Thatcher Gardiner	Vice president, director	1 Jun 1987	Other	2305074
Karolyn Dawn Worton	Vice president, director	1 Aug 1989	Other	2296024
Karolyn Dawn Barker	Vice president, director	1 Aug 1989	Other	2296024
Catherine Kitty Swenson	Director, director of client relations	1 May 1992	Other	2289597
Catherine Swenson	Director, director of client relations	1 May 1992	Other	2289597
James Frank Larkins	Portfolio manager	1 Dec 1997	Other	2620737
Venice Edwards	Secretary, compliance officer	1 May 1999	Other	1833659
Venice Farnsworth Edwards	Secretary, compliance officer	1 May 1999	Other	1833659
Mark Edwin Bailey	Director	1 Jan 2000	Other	2299388
Ajay Chandroth Krishnan	Portfolio manager	1 Dec 2000	Other	4557027
James Bradley Taylor	Director	1 Feb 2001	Other	4521608
Catherine Swenson	Director	1 Feb 2001	Other	2289597
Eric Scott Bergeson	Director	1 Aug 2001	Other	4521603
James Frank Larkins	Director	1 Dec 2002	Other	2620737
John Arthur Scowcroft	Chief operating officer, director	1 Feb 2003	Other	2759991
Eugene Lawrence Podsiadlo	Director	1 Mar 2003	Other	1130712
Ajay Chandroth Krishnan	Director	1 Dec 2003	Other	4557027
Hugh Daniel Chace	Portfolio manager	1 Jan 2004	Other	2785376
Amy Richardson O'reilly	Vice president, chief financial officer, director	1 May 2004	Other	2490169
James Bradley Taylor	Director	1 Nov 2004	Other	4521608
Angela Marie Palmer	Vice president	1 Nov 2004	Other	4915568
Eric Scott Bergeson	Director	1 Dec 2005	Other	4521603
Daniel Dean Thurber	Director, vice president, secretary, chief compliance officer, general counsel	1 Apr 2006	Other	5127582
Gregory Harper Bohlen	Vice president-venture investments	1 Jan 2007	Other	2154113
Eugene Lawrence Podsiadlo	Director	1 Oct 2007	Other	1130712
Michael Kenneth Yeates	Director, vice president, chief financial officer	1 Dec 2007	Other	5512918
Hollie Rae Strasburg	Director, director of operations	1 May 2008	Other	6760752
Roger David Edgley	Director	1 Aug 2010	Other	4541516

Based in Salt Lake City

The principal office where Wasatch Advisors Inc performs its advisory services is located at 505 Wakara Way, Salt Lake City, UT 84108, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-533-0777 or by fax 801-533-9828. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at wasatchadvisors.com.