Wallace R. Weitz & Company (Omaha)


Wallace R. Weitz & Company is a large advisory firm based in Omaha. It manages $4.55 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Connecticut, and Nebraska.

Wallace R. Weitz & Company provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Wallace R. Weitz & Company: assets under management

The assets under management (AUM) of Wallace R. Weitz & Company is $4.55 billion. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.44 billion in discretionary accounts and $102.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $317.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $102.6 million.
Wallace R. Weitz & Company has custody of $35.46 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wallace R. Weitz & Company for their services and products based on a percentage of assets under management. 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.

Careers at Wallace R. Weitz & Company

Barbara Veach Weitz has been acting as President since 1 Mar 1983. John Robert Detisch joined the executive team most recently as the Vice President, Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Barbara Veach Weitz Director 1 Mar 1983 Other 4329217
Wallace Roger Weitz President 1 Mar 1983 75% - 100% 462632
Kenneth Robert Stoll Vice president, chief operating officer 1 Apr 2004 Other 4801899
Bradley Paul Hinton Vice president 1 Jul 2006 Other 4453213
John Robert Detisch Vice president, chief compliance officer 1 Feb 2011 Other 5895775

Based in Omaha

The principal office where Wallace R. Weitz & Company performs its advisory services is located at 1125 South 103 Rd Street, Omaha, NE 68124 1071, 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 402-391-1980 or by fax 402-393-6495. The normal business hours are 8:00 a.m. to 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at www.weitzfunds.com.