West Rim Capital Associates Ii, L.P. (Lehi)


West Rim Capital Associates Ii, L.P. is a large advisory firm based in Lehi. It manages $1.1 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Utah.

West Rim Capital Associates Ii provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

West Rim Capital Associates Ii: assets under management

The assets under management (AUM) of West Rim Capital Associates Ii, L.P. is $1.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 181% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $99.87 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay West Rim Capital Associates Ii, L.P. 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 West Rim Capital Associates Ii serves?

The only and largest group of clients of West Rim Capital Associates Ii is pooled investment vehicles with 11 clients and $1.1 billion of assets under management. Among the 8 most similar advisory firms, West Rim Capital Associates Ii has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.1 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.

West Rim Capital Associates Ii also advises several private funds. Namely, nine private equity funds and two venture capital funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at West Rim Capital Associates Ii, L.P.

The company employs 29 people that are either part- or full-time employees. 76 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
David Fraser Bullock Limited partner/managing director 1 Sep 2007 25% - 50% 4624233
Tim Welker Layton Limited partner/managing director 1 Sep 2007 Other 5418595
Ronald Paul Mika Limited partner/managing director 1 Sep 2007 25% - 50% 4624235
James Luke Sorenson Limited partner/managing director 1 Sep 2007 Other 5418604
Curtis Robert Toone Limited partner/managing director 1 Sep 2007 Other 5418607
Llc West Rim Capital Advisors General partner 1 Sep 2007 Other 26-0759596
Rachel Lehman Limited partner 1 Sep 2007 Other 5419009
Donna Basinet Tillery Chief compliance officer 1 Sep 2007 Other 4880360
Matthew Frederick Lehman Limited partner 1 Sep 2007 Other 5419009
Brian E Dunn Cfo and cco 1 Jul 2010 Other 5904968
Mark R. Ludwig Managing director 1 Jan 2013 Other 6224404

Based in Lehi

The principal office where West Rim Capital Associates Ii, L.P. performs its advisory services is located at 3400 N. Ashton Blvd., Lehi, UT 84043, 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 801-407-8400 or by fax 801-407-8417. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at sorensoncapital.com.