Weitz Investment Management, Inc. (Omaha)

Name: Weitz Investment Management, Inc.
Address: 1125 South 103 Rd Street, Omaha, NE, 68124 1071
Telephone: 402-391-1980

Weitz Investment Management, Inc. is a large advisory firm based in Omaha. It manages $3.69 billion of regulatory assets for 26 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Nebraska.

Weitz Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Weitz Investment Management: assets under management

The assets under management (AUM) of Weitz Investment Management, Inc. is $3.69 billion. The firm's AUM has gone down by -19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.42 billion in discretionary accounts and $267.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $228.28 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $24.36 million.

Weitz Investment Management has custody of $62.07 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is investment and business development companies, which make up 17% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Weitz Investment Management, Inc. 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.

What kind of clients Barbara Veach Weitz serves?

The firm provides services to investment companies, charitable organizations, and high net worth individuals. The largest group of clients of Barbara Veach Weitz is investment companies with 9 clients and $3.37 billion of assets under management. Among the 7 most similar advisory firms, Weitz Investment Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $3.69 billion for 23 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Weitz Investment Management doesn't advise any private funds.

Careers at Weitz Investment Management, Inc.

The company employs 36 people that are either part- or full-time employees. 33 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.

Barbara Veach Weitz has been acting as President since 1 Mar 1983. Andrew Steven Weitz joined the executive team most recently as the Director And Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wallace Roger Weitz	Chairman of the board	1 Mar 1983	75% - 100%	462632
Barbara Veach Weitz	Director	1 Mar 1983	Other	xxx-xx-xxxx
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
Kenneth Robert Stoll	President and chief financial officer	1 Feb 2015	Other	4801899
Martha Jean Gilchrist	Vice president	1 Feb 2015	Other	1486506
Jo Ann Quinif	Vice president	1 Feb 2015	Other	4672198
Andrew Steven Weitz	Director and vice president	1 Aug 2017	Other	3070689

Based in Omaha

The principal office where Weitz Investment Management, Inc. 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 weitzinvestments.com and its LinkedIn profile.