Wasatch Advisors Lp
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Overview
Wasatch Advisors Lp operates as an advisory firm that has its headquarters in Salt Lake City, Utah. Wasatch Advisors Lp administers $22.4 billion in total assets throughout 238 accounts, placing it among the largest firms in the country by assets under management (AUM). It has an average-sized team, including 47 financial advisors. Wasatch Advisors Lp is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets such as equities, options and bonds.
Wasatch Advisors Lp oversees the majority of its accounts on a discretionary basis. Discretionary management means that a portfolio manager makes transaction judgments without requiring client approval. The company also manages one non-discretionary accounts with a total of $257.1 million in AUM. The advisory firm manages roughly $94.1 million for each customer account. The typical advisor at Wasatch Advisors Lp administers around five client accounts, placing it among the more personalized firms in the country.
The firm's headquarters is located at 505 Wakara Way, Salt Lake City, Utah 84108. The firm is legally permitted to provide services to investors across 50 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Wasatch Advisors Lp by the Numbers
$22.4 billion
90
238
$94.1 million
Fee Structure
Fees charged by financial advisors typically are based on the type of financial services provided. However, fees billed by Wasatch Advisors Lp most likely include the following fee structures: asset-based or performance-based. Wasatch Advisors Lp does not supply a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
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
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company manages money for a number of different clients. It works with retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, other investment advisers, sovereign wealth funds and corporations. Out of its 238 customers, Wasatch Advisors Lp's largest client by number of accounts is charitable organizations, though it also serves 39 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 6% of its accounts are non-U.S. persons.
- High-Net-Worth Individuals* - 16.96%
- Other Individuals - 3.48%
- Corporations - 59.57%
- Charitable Organizations - 20%
* 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
Wasatch Advisors Lp does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Wasatch Advisors Lp
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
Salt Lake City, UT
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