Watts Capital Partners LLC (New York)

Name: Watts Capital Partners LLC
Address: 1460 Broadway, New York, NY, 10036
Telephone: 212-735-8921

Watts Capital Partners LLC is a mid-sized advisory firm based in New York. It manages $105.95 million of regulatory assets for 176 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Connecticut, Massachusetts, and 3 other states.

Watts Capital Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Watts Capital Partners: assets under management

The assets under management (AUM) of Watts Capital Partners LLC is $105.95 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 207% since the beginning of its operation, and $13.36 million of the total AUM is attributable to clients outside of the United States.

The firm manages $105.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $601.98 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Watts Capital Partners LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Watts Capital Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Watts Capital Partners is high net worth individuals with 51 clients and $70.64 million of assets under management. Among the 10 most similar advisory firms, Watts Capital Partners has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $105.95 million for 176 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 13% of the firm’s clients are foreign persons or businesses.

Watts Capital Partners doesn't advise any private funds.

Careers at Watts Capital Partners LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 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
Thomas Wynne Watts	Managing member	1 Dec 2008	75% - 100%	2598112
Sara E Potter	Member wife of thomas wyane watts	1 Jan 2009	Other	4605261
Sarah Lynn Poter	Member wife of thomas wyane watts	1 Feb 2009	Other	6318549
David Edward Prunier	Cco	1 Oct 2013	Other	1655072

Based in New York

The principal office where Watts Capital Partners LLC performs its advisory services is located at 1460 Broadway, New York, NY 10036, 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 212-735-8921 or by fax 212-202-7531. The normal business hours are 9:00 am - 5:00pm on Monday - Friday. You can find more information about the New York firm at wattscapital.com.