Welch Capital Partners LLC (New York)

Name: Welch Capital Partners LLC
Address: 601 Lexington Avenue, New York, NY, 10022
Telephone: 212-754-6077

Welch Capital Partners LLC is a large advisory firm based in New York. It manages $264.98 million of regulatory assets for 43 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Jersey and New York.

Welch Capital Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional 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.

Welch Capital Partners: assets under management

The assets under management (AUM) of Welch Capital Partners LLC is $264.98 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -37% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $264.98 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.16 million each.

Welch Capital Partners has custody of $144.79 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Welch Capital Partners LLC 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.

What kind of clients Welch Capital Partners serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Welch Capital Partners is pooled investment vehicles with 4 clients and $144.99 million of assets under management. Among the 9 most similar advisory firms, Welch Capital Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $257.51 million for 40 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Welch Capital Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Welch Capital Partners LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Leighton Bridge Welch	Principal	1 May 1996	50% - 75%	1189810
Christopher Warren Welch	Principal/chief compliance officer/chief operating officer	1 Dec 2000	25% - 50%	1839418
Jeffrey Douglas Mead	Coo	1 Jan 2005	Other	5509722

Based in New York

The principal office where Welch Capital Partners LLC performs its advisory services is located at 601 Lexington Avenue, New York, NY 10022, 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 212-754-6077 or by fax 212-754-6495. The normal business hours are 8:00 am to 7:00 pm on Monday - Friday. You can find more information about the New York firm at welchcapital.com.