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.
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 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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.