Wmd Asset Management, LLC (Ponte Vedra Beach)
Wmd Asset Management, LLC is a large advisory firm based in Ponte Vedra Beach. It manages $160.41 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Colorado and Florida.
Wmd Asset Management provides 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.
Wmd Asset Management: assets under management
The assets under management (AUM) of Wmd Asset Management, LLC is $160.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 36% since the beginning of its operation, and $15.54 million of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in other assets the most. They account for 100% of the total AUM.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Wmd Asset Management, LLC 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 Wmd Asset Management serves?
The only and largest group of clients of Wmd Asset Management is pooled investment vehicles with 3 clients and $70.21 million of assets under management. Among the 9 most similar advisory firms, Wmd Asset Management has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $70.21 million for 3 clients. 20% of the firm’s clients are foreign persons or businesses.
Wmd Asset Management also advises several private funds. Namely, two hedge funds and one real estate fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
Careers at Wmd Asset Management, LLC
The company employs 9 people that are either part- or full-time employees. 67 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.
William Matthew Daugherty has served as the Chief Investment Officer since 1 Feb 2008. Llc Wmd Investors joined the executive team most recently as the Sole Member.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 3 indirect owners.Based in Ponte Vedra Beach
The principal office where Wmd Asset Management, LLC performs its advisory services is located at 814 A1 A N, Ponte Vedra Beach, FL 32082, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 904-683-4950 or by fax 904-731-3807. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at wmdasset.com.
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