Yacktman Asset Management Lp
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Overview
Yacktman Asset Management Lp operates as an advisory company headquartered in Austin, Texas. It manages $15.2 billion in total assets throughout 816 client accounts, making it one of the largest financial advisory firms in the nation by assets under management (AUM). The company has a small team, including 9 financial advisors. Yacktman Asset Management Lp is not a registered broker-dealer, meaning the advisor cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal investments such as options, bonds and equities.
Yacktman Asset Management Lp manages most of the firm's accounts on a discretionary basis. Discretionary management means that transaction decisions are made by an investment advisor without needing to seek the customer's authorization. Yacktman Asset Management Lp also has two non-discretionary accounts totaling $6.7 million in assets under management. The firm's typical account size is $18.7 million. The typical advisor at Yacktman Asset Management Lp administers around 91 client accounts.
Yacktman Asset Management Lp's main office is located at 6300 Bridge Point Parkway, Austin, Texas 78730-5073. It is registered to provide services to customers across 30 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Yacktman Asset Management Lp by the Numbers
$15.2 billion
20
816
$18.7 million
Fee Structure
Fees for financial management largely are based on which services the firm provides the client. Fees billed by the company most likely include the following fee types: asset-based or performance-based. Yacktman Asset Management Lp participates in a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to high net worth investors, investment companies and pooled investment vehicles. Out of its 816 customers, Yacktman Asset Management Lp's biggest client is high net worth investors, though it also caters to 803 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 3% of the firm's accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 98.65%
- Other Individuals - 0%
- Corporations - 1.35%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Yacktman Asset Management Lp does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Yacktman Asset Management Lp
Austin, TX
Austin, TX
Austin, TX
Austin, TX
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