Yacktman Asset Management LP (Austin)

Name: Yacktman Asset Management LP
Address: 6300 Bridgepoint Parkway, Austin, TX, 78730 5073
Telephone: 512-767-6700

Yacktman Asset Management LP is a large advisory firm based in Austin. It manages $13.39 billion of regulatory assets for 701 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 27 other states.

Yacktman Asset Management 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.

Yacktman Asset Management: assets under management

The assets under management (AUM) of Yacktman Asset Management LP is $13.39 billion. The firm's AUM has gone down by -22% since the beginning of its operation, and $685.53 million of the total AUM is attributable to clients outside of the United States.

The firm manages $13.39 billion in discretionary accounts and $387.94 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $19.15 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $193.97 thousand.

Yacktman Asset Management has custody of $20.32 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 20% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Yacktman Asset Management LP 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 Yacktman Asset Management serves?

The firm provides services to investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Yacktman Asset Management is investment companies with 4 clients and $10.71 billion of assets under management. Among the 8 most similar advisory firms, Yacktman Asset Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $13.12 billion for 698 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Yacktman Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Yacktman Asset Management LP

The company employs 17 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Yacktman Asset Management Co	Owner	1 Apr 2012	75% - 100%	36-3780592
Llc Yacktman Asset Management Gp	General partner	1 Apr 2012	Other	45-5337740
Kent Arnold Arnett	Chief compliance officer	1 May 2012	Other	1692359
Inc. Yamco	Limited partner	1 Jun 2012	25% - 50%	36-3780592
Gotham Acquisition Gp Llc	General partner	1 Jun 2012	Other	45-5337740
Russell Gordon Wilkins	Partner	1 Jun 2012	Other	4937983
Gotham Acquisition Lp Llc	Limited partner	1 Jun 2012	50% - 75%	04-3218510
Llc Gotham Acquisition Gp	General partner	1 Jun 2012	Other	45-5337740
Llc Gotham Acquisition Lp	Limited partner	1 Jun 2012	50% - 75%	04-3218510
Rachel Elizabeth Buie	Chief compliance officer	1 Jan 2013	Other	4538486
Keith David Thatcher	Chief financial officer	1 Oct 2013	Other	6308447
Adam P Sues	Partner	1 Jan 2017	Other	6765859

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Donald Arthur Yacktman	President, treasurer and co-chief investment officer	1 Dec 2005	25% - 50%	1065650
Stephen Andrew Yacktman	Senior vice president, secretary and co-chief investment officer	1 Dec 2005	25% - 50%	4628792
Jason Scott Subotky	Senior vice president	1 Dec 2010	25% - 50%	2527230
Donald Arthur Yacktman	Shareholder	1 Jun 2012	25% - 50%	1065650
Stephen Andrew Yacktman	Shareholder	1 Jun 2012	25% - 50%	4628792
Jason Scott Subotky	Shareholder	1 Jun 2012	25% - 50%	2527230
Inc. Affiliated Managers Group	Member	1 Jun 2012	75% - 100%	04-3218510
Affiliated Managers Group Inc.	Manager and sole member	1 Oct 2014	75% - 100%	04-3218510
Llc Amg Gotham Holdings	Manager and member	1 Oct 2014	75% - 100%	47-1132110
Inc. Affiliated Managers Group	Manager and sole member	1 Oct 2014	75% - 100%	04-3218510

Based in Austin

The principal office where Yacktman Asset Management LP performs its advisory services is located at 6300 Bridgepoint Parkway, Austin, TX 78730 5073, 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 512-767-6700 or by fax 512-767-6729. The normal business hours are 8:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at yacktman.com/index.html.